CHAPTER 61 GLOBALISATION Flashcards Preview

EDEXCEL THEME 4 ECONOMICS > CHAPTER 61 GLOBALISATION > Flashcards

Flashcards in CHAPTER 61 GLOBALISATION Deck (3)
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1
Q

Globalisation

A

From an economic perspective, the ever-increasing integration of the world’s local, regional and national economies into a single international market.

2
Q

Multinational company or multinational coporation or transnational corporation

A

A company with significant product operations in at least two countries.

3
Q

Transfer pricing

A

An account technique used by multinational companies for reducing taxes on profits by selling goods at a low price internally from a high-tax country to another part of the company in a low-tax country.