Theme 4.1 - Globalisation

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Across
  1. 6. adopted by countries in an economic union
  2. 7. - monetary measurement of development that takes into account what money buys in different countries
  3. 8. (advantage)the ability to produce a good at a lower opportunity cost than another producer
  4. 10. a ban on trade
  5. 12. used in economic union to allow for free flow of all goods, services and factors of production between each other
  6. 13. (advantage)gained by offering greater customer value
  7. 14. a common one is pursued in an economic union
  8. 15. goods and services sold to other countries
  9. 17. eliminates trade barriers between member countries and adopts external trade policy
  10. 18. Probability of event that has happened multipied by negative impact
  11. 19. a way to get competitive advantage
  12. 22. taxes on imported goods
Down
  1. 1. the specialisation of workers on specific tasks in the production process
  2. 2. group of countries committed to removing 4 things
  3. 3. done to tax rates in an economic union
  4. 4. selling products in a foreign country at lower prices than in the producing country
  5. 5. the growing integration of the world's economies
  6. 7. an approach used by a government to protect domestic producers
  7. 9. goods and services purchased from other countries
  8. 11. a limit on the amount of a good that can be imported
  9. 15. an increase in a country's productive capacity
  10. 16. a company that owns or control production facilities out of the country
  11. 20. a type of economy that has rapid growth but high risk
  12. 21. a sum of money granted by the gov to assist a business in keeping the price of a commodity low
  13. 23. investment made by a foreign company in the economy of another country