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4.4.3 Globalisation in developed countries

Card 1 of 20

Which three roles do people in a developed country have in globalisation?

A

Firms producing standard goods are most exposed to low-cost competition.

B

Goods can be produced wherever costs are lowest, while import competition limits domestic prices.

C

Production may move abroad, transferring emissions to another country rather than reducing them worldwide.

D
  • Producers competing in world markets
  • Workers whose jobs are exposed
  • Consumers buying global goods

Card 1 of 20

4.4.3 Globalisation in developed countries Flashcards

  1. GCSE
  2. /Economics
  3. /4.4.3 Globalisation in developed countries

20 flashcards on OCR GCSE Economics 4.4.3 Globalisation in developed countries: the key terms, formulae and calculations you need to recall for Component 01 and Component 02.

Flashcards