National and Global Economy

Exports

Imports

Balance of Payments

Globalisation

Advantages of trade to the UK economy

Disadvantages of trade to the UK economy

Exchange rates

Effects of exchange rates on imports/exports

How do exchange rates affect the individual customer

Factors that affect the sales of imports and exports

Boycott

Consumer empowerment

How do individual's influence the products business' supply

Advantages of firms operating overseas

Disadvantages of operating overseas

Foreign Direct Investment

Why do foreign firms locate in the UK?

Consequences of foreign firms closing a plant/factory

Open economy

Mobility of labour

Benefits of globalisation for the UK labour market

Drawbacks of globalisation for the UK labour market

Immigration

Emigration

Immigration affects the UK positively by...

Immigration can lead to...

Emigration can affect the UK labour market by...

Government actions to regulate migration

Government's points system

The SAWS