International Trade And Business Growth

Question 1

What are exports?

Answer 1

All countries trade with other countries, they send products abroad. This process is called exporting.

Question 2

Specialisation defined

Answer 2

Specialisation is the process of concentrating on and becoming expert in a particular subject or skill

Question 3

FDI defined

Answer 3

FDI is foreign direct investment – this means that a business from one country decides to establish themselves in another country.