THEME 2 KEY WORDS
- Created by: lottiehills2000
- Created on: 21-04-18 16:46
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2. A fall in the exchange rate that makes imports dearer and exports cheaper
- Depreciation
- Appreciation
- Trade deficit
- Market power
3. Exports and imports cannot be touched or handled; they are services, e.g. insurance, banking or tourism
- Balance of payments
- Invisible exports and imports
- Trade deficit
- Leakages
4. Refers to funds invested in other economies
- Aggregate supply
- Overseas investment
- Foreign direct investment (FDI)
- Emerging economies
5. The joining together of two or more firms into a single business with the approval of the shareholders and management concerned
- Conglomerate integration
- Merger
- Vertical integration
- Takeover
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