Other business topics Flashcards
1
Q
what is a trading bloc?
A
A trading bloc is a group of countries in specific regions that manage and promote trade.
2
Q
what is Foreign Direct Investment (FDI)
A
FDI is the investment from one country to another through companies rather than governments.
3
Q
what is protectionism?
A
Protectionism involves any attempt by a country to impose restrictions on trade in goods and services. It stops free market.
4
Q
definition of trade
A
trade is the exchange of products/goods for money or other goods
5
Q
What is globalisation?
A
Globalization refers to how the world is inter-connected via trade, communications, transport, money etc.
6
Q
Define BRIC
A
Brazil, Russia, India, China
7
Q
what is an emerging economy?
A
an emerging economy is an economy which is growing rapidly
