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3 Cards in this Set
- Front
- Back
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Globalization |
shift towards a more integrated and interdependent world economy |
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Globalization of Markets
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merging of separate national markets into 1 global market |
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Globalization of Production |
the sourcing of goods and services from locations around the world to take advantage of differences in cost or quality of the factors of production (1. Land 2. Labor 3. Capital) |
