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Globalization Vocab

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    Globalization English Vocab
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  • What does Consumption mean?
    The amount of something you use, eat or drink.
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  • What does Discount mean?
    A reduction in price.
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  • What does Domestic mean?
    Within the country.
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  • What does Inflation mean?
    When prices increase over time.
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  • What happens to the dollar during inflation?
    Its value decreases.
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  • What does Monopoly mean?
    A company that dominates their industry.
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  • What is a multinational company?
    A company that operates in several countries.
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  • What is an outlet?
    A store/shop.
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  • What could happen to immigrants without suitable qualifications?
    Their visas could be denied.
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  • Is the amount of migrant labor expected in increase or decrease?
    Increase.
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  • What will a country need to do if their natural resources are used up?
    They will have to rely on another country.
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  • What stage of production is a warehouse used in?
    Manufacturing.
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  • What is an imported product?
    A product that comes from another country.
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  • What did the silk road connect?
    Europe and China
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  • What is the infrastructure of a country?
    Roads, Railways, Bridges, Electricity and Water
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  • What is a dry port?
    A transport center where goods are loaded and unloaded that is not near water.
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