Specialisation and trade - Study guides, Revision notes & Summaries

TPN2601 Assignment 50 PORTFOLIO (COMPLETE ANSWERS) 2024 - DUE 20 September 2024 ; 100% TRUSTED Complete, trusted solutions and explanations. For assistance, Whats-App 0.6.7-1.7.1-1.7.3.9. Ensure your success with us... To complete this portfolio, it is important that you understand the concepts described below. General themes or concepts that are important for educators in South Africa 1. Decolonisation (Education) An active process to change the Western-dominated philosophy and approach to ...

Well-structured TPN2601 Assignment 50 PORTFOLIO (ANSWERS) 2024 - DISTINCTION GUARANTEED. (DETAILED ANSWERS - DISTINCTION GUARANTEED!).. To complete this portfolio, it is important that you understand the concepts described below. General themes or concepts that are important for educators in South Africa 1. Decolonisation (Education) An active process to change the Western-dominated philosophy and approach to education to a balanced approach where indigenous knowledge and pedagogies are ack...

1. define Globalisation the process through which nation- al economies, societies and cultures are becoming increasingly intercon- nected through global networks of trade, communication, transportation and immigration 2. where are levels of globalisation the highest 3. where are levels of globalisation the lowest 4. 3 Key Characteristics of Globalisa- tion between core countries, as a result of them having sorted out major do- mestic problems, giving them spare capacity to look to solve ...

Voluntary exchange benefits all parties if (a) it results in a lower price than the buyer's opportunity cost of producing the good themselves. (b) at least one party is indifferent between trading and not trading. (c) anyone who did not expect to gain would refuse to make the exchange. (d) gains from trade are equally divided among those making the exchange. correct answers C Tom and Jerry each run their own business, and both work eight hours a day. Tom can produce six units of goods ...

Microeconomics AS WJEC Questions and answers Scored A+ 2023 What are the four factors of production? - Land - Labour - Capital - Entrepreneurship What is the 'basic economic problem'? - Finite resources, infinite wants What is an opportunity cost? - The benefit forgone of the next best alternative What is meant by free goods and economic goods? - Free goods are those of infinite supply (no opportunity cost) - Economic goods are those in finite supply (opportunity ...

Globalisation Increased interdependence between countries and the rapid rate of change it brings about Factors contributing to globalisation (5) Improvements in infrastructure (Quicker, more reliable and cheaper methods enabling production) Improvements in IT and communication (Allows global operations) Trade Liberalisation (Reduces protectionism and makes trade cheaper - specialisation) International financial markets (Raising money and transferring it globally) TNCs (Low p...

Edexcel A level Economics Theme 4 / Edexcel A Level Economics (A) Question Paper 2 June 2023 Globalisation - CORRECT ANSWER-The process in which national economies have become increasingly integrated and interdependant Trade liberalisation Trading blocs Growth of MNCs Technological advances Greater mobility of labour and capital - CORRECT ANSWER-Causes of globalisation (5) Advantages of globalisation (5) - CORRECT ANSWER-Lower prices Benefits of trade Greater employment Large econo...

What are the main characteristics of globalisation? - Answer Free movement of capital and labour across International boundaries, free trade between countries and the availability of technology and intellectual capital to be used on an international scale In the last 50 years, why has the scale and pace of globalisation increased? - Answer Trade liberalisation - removal of tariffs etc. may negotiate these with WTO. WTO raised standards on global products - to increase consumer confidence...

Edexcel A-level Economics Theme 4 Test with Latest Questions & Expert Answers Globalisation ANSWER Increased interdependence between countries and the rapid rate of change it brings about Factors contributing to globalisation (5) ANSWER Improvements in infrastructure (Quicker, more reliable and cheaper methods enabling production) Improvements in IT and communication (Allows global operations) Trade Liberalisation (Reduces protectionism and makes trade cheaper - specialisation) In...

(1) What stages do groups pass through? 1. Idea generation, implementation and termination. 2. Introduction, high productivity and decline. 3. Initiation, evolution, maturation and decline. 4. Forming, storming, norming, performing and adjourning. (2) How would you describe a work group? 1. A group whose individual efforts result in a performance that is greater than the sum of the individual inputs. 2. A group that primarily interacts to share information and to make decision...