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Description
Flashcards by Sonam Bhuka, updated more than 1 year ago
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Created by Sonam Bhuka
over 6 years ago
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| Question | Answer |
| What is: a) inward investment b) BRIC c) FDI | a) inländische Investitionen b) Brazil, Russia, India, China = emerging markets c) Foreign direct investment: buy property and businesses to create overseas divisions, joint ventures. has the highest risk but gives most control |
| What is the business cycle | Recovery Growth Recession Depression |
| Synonym for: Recovery Growth Recession Depression | Upswing Expansion / Boom contraction / downturn slump |
| mutually exclusive | sich gegenseitig ausschliessend |
| What is: a) Subsidiary b) Joint Venture | a) company owned by another company b) Two or more companies share costs & profits in a particular market, but keep their separate identities |
| What is: Balance of trade | Difference between a nation's imports and exports. If it exports more = trade surplus, otherwise trade deficit |
| The balance of payments? | wider measure than the balance of trade; next to imports&exports, it includes services and investments |
| subsidy | money paid by a government to support a business |
| synonym for bureaucracy | red tape |
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