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11 Cards in this Set
- Front
- Back
Gross National Income (GNI) |
The yardstick for measuring economic activity of a country, this measures the total annual income of a nation's residents. |
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Purchasing Power Parity (PPP) |
An adjustment in gross domestic product per capita to reflect differences in the cost of living. |
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Human Development Index (HDI) |
An attempt by the UN to asses the impact of a number of factors on the quality of human life in a country. |
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Innovation |
Development of new products, processes, organizations, management practices and str ategies. |
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Entrepreneurs |
Those who first commercialize innovations. |
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Deregulation |
Removal of government restrictions concerning the conduct of a business |
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First-Mover Advantages |
Advantages accruing to the first to enter a market. |
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Late-Mover Disadvantages |
Handicaps experienced by being a late entrant in a market. |
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Political Risk |
The likelihood that political forces will cause drastic changes in a country's business environment that will adversely affect the profit and other goals of a particular business enterprise. |
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Economic Risk |
The likelihood that events, including economic mismanagement, will cause drastic changes in a country's business environment that adversely affect the profit and other goals of a particular business enterprise. |
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Legal Risk |
The likelihood that a trading partner will opportunistically break a contract or expropriate intellectual property rights. |