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1 - International Business || Sep 10 2018
1 - International Business || Sep 10 2018
14
Business
Undergraduate 4
09/10/2018

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Cards

Term
Country Similarity
Definition
How similar the products are in different countries, to determine if similar products from one country would work in others.
Term
Absolute Advantage
Definition
Being the best at what you do.
Term
Comparative Advantage
Definition
Having something you do best, whether or not you are the best at what you do.
Term
GDP =
Definition
Consumption + Government Spending + Investment + (Exports-Imports)
Term
Net Exports =
Definition
Exports - Imports
Term
Purchasing Power Parity
Definition
Adjusts the exchange rate between countries to ensure that a good is purchased for the same price in the same currency.
Term
Per Capita GDP
Definition
GDP/Population
Term
GDP Per Person
Definition
GDP adjusted for purchasing power of the individual
Term
Human Development Index
Definition
Measures a country's average achievements in basic aspects of human development.
Term
Three basic aspects of human development
Definition
Health, Knowledge and decent standard of living
Term
Human Poverty Index
Definition
Uses indicators of the most basic dimensions of deprivation.
Term
Per Capita GDP (Nominal) Per Capita
Definition
Does not take into account Purchasing Power Parity
Term
Per Capita GDP (PPP) Per Capita
Definition
Takes into account Purchasing Power Parity
Term
What are the basic aspects of human deprivation?
Definition
Short life, lack of education, lack of decent standard of living.
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