Unit 3 0.0 / 5 ? Business Studies & EconomicsBusiness and EconomicsA2/A-levelEdexcel Created by: Jenifer98Created on: 18-03-16 18:12 4671092315 Across 1. Reduction of average costs of production brought about by an increase in the size and scale of the business. (9, 2, 5) 5. Brazil, Russia, India and China. These are the worlds four largest fast-growing economies. They are emerging economies. (4) 6. Meand selling ore than one product, or the same product in more than one market. (12) 9. Groups of countries that completely freely with each other, with no trade barriers, but each member country retains its own independent trade polices in relation to the rest of the world (4, 5, 5) Down 2. is the process through which an increasingly free flow of ideas, people, good, services and capital leads to the integration of economies and socities (13) 3. Raw materials or semi-manufactured products that are traded in bulk and are not recognisably originating from any particular business. E.G. oil, coal, cotton. (11) 4. Completely free trade internally and a single unified trade policy covering all members countries' trade with the rest of the world. There is free movement of people and capital. E.G. Europe (6, 7) 6. Europe, Japan, the USA, Canada, Australia. All having high incomes, through capital investment. (9, 8) 7. Are characterised by rapid economic growth. They have big increases (8, 9) 10. Exists if the real resource cost of a products is lower in one country than another. (8, 9)
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