Class notes
Glossary F to L
- Course
- BBB4M
- Institution
- 12th Grade
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Fiscal policy: The government spends and uses tax policies to influence the conditions of theeconomies. This can be done by demanding goods and services, employment and growth of
the
economy.
Flagship brand: Flagship is a concept used to describe something or a product that is either the
best or the most important product that an organization owns. This flagship product can change
when an organization adds a new product to a brand.
Flight capital: This term is also known as “Capital flight”. This term refers to money that
somebody or a company transferred to another country across the globe, it can be by crossing
the border, e transfer or other methods. People do this to avoid devaluation, taxes or anything
bad that is present in the economy; countries do this because they have lost confidence of the
economy.
Foreign debt: This term is also referred to as “External debt”. This term applies when a country’s
government, corporation or a household asks/borrows money from the government of another
country or lenders who give money.
Foreign direct investment: A party of one country invests in a business or corporation of
another country with the hope of expanding their own business.
Foreign investment: Foreign investment happens when an investor decides to buy the ownership
of any asset in another country. This is done by cash moving from one country to another to
finalize the decision.
Franchise: This is a type of business in which the owner of a company pays upfront and
continuing fees to make the brand name known amongst the public, this is also done to
support the resources of a company.
Free Trade Area of the Americas: This was a failed agreement that was made in order to free
trade between all sections of America except for Cuba. This agreement included North
America, South America and more.
Gateway city: A gateway city is any city that works as an anchor for the areas and regions
that surround it.
GATT: The full form of this term is “General agreement of tariffs and trade”. This agreement
was signed by 23 countries in 1974. The role of this agreement is to reduce barriers that come in
the way of international trade, this is done by fully removing or slowly lessening tariffs,
subsidies and other barriers.
Global dependency: This refers to countries that depend on other countries for producing goods
and raw materials. This term also refers to people from one country demanding for goods from
another country.
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