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9 Cards in this Set
- Front
- Back
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Define PPP (purchasing power parity) |
PPP is a way of adjustingmonetary values to allow for differences in prices between countries |
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Name 3 indicators used to compare China and India |
population, GDP, inflation, unemployment, HDI ranking, government, life expectancy |
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What is the population of China and India |
china = 1.34 billion india = 1.21billion |
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What sector does India's main bulk of GDP come from? |
Service sector (55%) |
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What sector does China's main bulk of GDP come from? |
Industry (46%) |
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Define supply chain management? |
It meansorganising the sequence of processes that leads to the sales of the finalproduct |
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How are imports and exports different in China than India? |
China exports > imports India imports > exports |
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Define joint venture |
collaboration between 2 businesses |
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