Global opportunities

• Economie

Chapter 4

Section 1:Global entrepreneurship

Objectives of the lesson

Identify the role of entrepreneurship in today’s multicultural ,global economy 

Analyze the factors that promote global economy

Discuss the impact of globalization on certain countries

Global economy

Global economy is the interconnected economies of the nations of the world.

 Exporting is the selling and shipping of goods to another country. 

Importing  is buying or bringing in goods from other countries to sell.

Buying or bringing in goods from other countries to sell

1. Importing
2. Exporting
3. Global economy
4. Global entrepreneurship

What is the role of entrepreneurship in the global economy?

 One of the important factors that have
brought about a global economy are a reduction in trade tariffs .

 A trade barrier is a restriction on goods entering or leaving a country. The lowering of trade barriers has increased the

flow of goods among countries.
A tariff is a type of trade barrier.Tariffs are taxes imposed by a government on imported or exported goods, although primarily on imported goods.

 

What is the restriction on goods entering or leaving a country?

1. Globalization
2. Trade Barriers
3. Tariffs
4. Global economy

Why might some people object to foreign competition?

select a country and
conduct Internet research to
find how technology has
changed the economy of that
country in the last five to ten
years. Share the
results of your research in class.

GDP

Gross domestic product (GDP) is the total value of all goods produced during the year.

The total value of all goods produced during the year

1. Trade Barrier
2. Globalization
3. Tariff
4. GDP

Based on the video what is the impact of globalization?

Why do some countries outsource their services of manufacturing units to other countries?

Give important terms of the lesson