The importance and growth of multinational companies Flashcards
1
Q
Commodities
A
Products that are bought and sold
2
Q
Patents
A
A document giving the right to companies or individuals to make a new invention
3
Q
Ventures
A
New business activity involving taking risks
4
Q
Currency reserves
A
Money in foreign currency held by a country and it’s used to pay off debt
5
Q
Human capital
A
People and their skill
6
Q
Enterprise
A
The individuals that keeps teh factors of production in order and who is highly risk taking
7
Q
Exploitation
A
Occurs when you treat someone unfairly and give minimum in return
8
Q
Repatriation
A
Where a multinational returns the profit from an overseas venture where it is based
9
Q
Livelihood
A
A way a certain individual makes money for a living
