Globalization

What is Globalization

• the impacts of science on nature and how we preserve it

• the increase in connections between economies around the world

• the decrease in connections between economies around the world

• the connections between countries

• the amount received by a business for selling goods or services

Chose all examples of globalization.

• the exchange of goods between countries

• the increase of sales in an economy

• buying things on the internet

• wearing clothes and eating food from different countries

• the exchange of students between two classes

the _______ of globalization include, shopping online, variety of food in malls

definition of revenue

• the amount of received by a business

• money spent on promotion by a business

• the business model compared to the ideal model

What is the difference between the global economy, and the economy of a certain country

Costs that come with globalization

• increase in inequality

• tackle up effect

• no trickle down effect

• cultural diversity

• greater awareness

what is trickle down effect

• a theory that suggests investments by multinational and high income of the rich can benefit everyone as wealth flows through the economy

• a theory that suggests investments by multinational and high income of the rich can lead to devastating results in nature because wealth is makes a difference between people

• a theory that suggests investments in math and science wont benefit anyone other than the healthy people

what is the difference between customs union and bilateral trade agreement?

what would the difference be between a country with high enforcement of globalization and a country with a need of isolation?

• the country with endorsement of globalization would have more starving people and lower paying jobs and a lot of inequality, whilst the isolating country would have greater trade between other countries with better relationships with neighboring countries

• both countries would have great relationships with all countries, and trade would be thriving in the isolated country as they make their own products, and starvation would cease to exist

• the country with isolation would have more starving people and lower paying jobs and a lot of inequality, whilst the country with enforcement of globalization would have greater trade between other countries with better relationships with neighboring countries

_______ is the term used to describe the situation wher an individual, group, country have different amounts of income

• wealth

• inequality

• money

• affluence