Key Terms (economics) Flashcards
1
Q
Green Belt
A
An area of largely undeveloped land around a city which has planning restrictions on
2
Q
TNCs (Transnational Corporations)
A
A company that operates in more than one country (Nike, BP, McDonald’s etc.)
3
Q
FDI
A
Foreign Direct Investment, money invested in other countries by TNCs
4
Q
Weight loss industries
A
industries where the product is lighter than the materials used to make it. These often locate close to the raw materials.
5
Q
Agglomeration economies
A
When production is cheaper because of the clustering of economic activity
6
Q
Labour
A
Workers
7
Q
Raw materials
A
Basic materials from which a product is made
8
Q
Capital
A
Money
