The syllabus includes the main theoretical concepts which are fundamental to the subject, a section on some current applications of Economics, and a strong emphasis on advanced practical skills. A Level Economics Part 5 : Download. Management / Business Administration, A-Level Economics Notes & Questions (Edexcel). Edexcel Economics (A) A-level Theme 2: The UK Economy - Performance and Policies. AQA A level Economics notes Useful Resources for A-Level Econ (Revision / Learning) AQA Economics A-level does anyone need help with a level economics, looking to study economics in year 12 . Tax revenues Multinational companies are able to shift production from high tax to low tax countries and can also avoid taxes through transfer pricing. Alternatively they may outsource the manufacturing or other activities such as customer service calls to countries such as India. __Wages __ Low skilled workers in rich countries are more exposed to competition from low paid workers in developing countries. Gradually this leads to the more widespread knowledge and use of technology around the globe. The emphasis throughout is on the understanding of concepts and the application of Economics ideas in novel contexts as well as on the acquisition of knowledge. Macroeconomic Objectives Best Revision Websites. Positive Consumption Externality, 1.4 Government Intervention Call centres can be located thousands of miles away. Study from the best exam board specific Economics content. Price Discrimination These are notes for edexcel economics A-level. Lots of love. Free movement of labour It is generally easier for people to choose to live and work in other countries than in the past. Where migrants compete directly with indigenous workers, it is likely to drive down wages. Absolute/Comparative Advantage All rights reserved. Factors & Strategies influencing growth and development (Coming soon), 4.4 The financial sector: Role of Financial Markets, Financial Market failure and Role of Central Banks, 4.5 Role of the state in the macroeconomy 17 Decks -. Applied Learning and Employability Faculty (ALE) Revenues: Total (TR), Average (AR), Marginal (MR) The cover may have some limited signs of wear but the pages are clean, intact and the spine remains undamaged. Also update leaflet enclosed. These notes are a certain too to an A* in exam. Topics without links are either coming soon or not available, but a close substitute for these resources will be provided to students receiving mentoring or tuition from us. Study notes for AS Micro, AS Macro, A2 Micro, A2 Macro, A2 Development Econ from tutor2u.net. We want you to be fully satisfied with every item that you purchase from us. Lorenz curve and the Gini coefficient, 4.3 Emerging and developing economies Demand. Below you will find all the available past papers and their corresponding mark schemes, allowing you to revise in the most effective way. A-Level Economics: Year 1 & 2 Complete Revision & Practice (with Online Edition) EKHR72. thanks a lot for these notes! 4.1 International economics Subsidies Some are also owned by shareholders in more than one country. Check out Adapt the A-level & GCSE revision timetable app. Good morning, It is also easier for firms to outsource research and development abroad when information can be accessed via secure computer networks. 1.1 Nature of economics. Learn 2x faster (according to 1,200 student RCT) More fun & more effective. The manufacture of phones, computers and cameras for instance has shifted to countries like China, where wages are much lower than in Europe or America. Edexcel A Level Economics Year 12 PLC . It includes. 208 Learners. The Best Economics ASand ALevel Notes, Revision Guides, Tips and Websites compiled from all around the world at one place for your ease so you can prepare for your tests and examinations with the satisfaction that you have the best resources available to you. The shortfall in tax revenues means either less public spending or higher taxes from households and domestic companies that cant avoid taxes in the same way. Global Impact of Macroeconomic Policies: Public Sector Finances, Taxation Impacts, Laffer Curve. Terms of Trade 'A level economics revision' Google search. The firm can minimise its overall tax bill by selling the components from its plant in country A to the plant in country B at a very low price. Car manufacturers like VW sell all over the world, but also have factories in Europe, N and S America and China. Pollution Permits, Provision of Information, Regulation, State Provision of Public Goods Externalities (Not Required: Negative Consumption Externality & Positive Production Externality) For instance a contract to build a power station may be awarded to the firm paying the biggest bribe rather than the one that can build the most reliable and efficient power station. 2.1 Measures of Economic Performance 2.2 Aggregate Demand (AD) 2.3 Aggregate Supply (AS) 2.4 National Income 2.5 Economic Growth 2.6 Macroeconomic Objectives & Policies. I am predicted A (star)A (star)A in Computer Science, Economics and psychology 2021. CGP Guide, lesson notes and other economics books were used. Phillips Curve (Short-run only). Revision Guides. Rational Decision Making. Show Class. Check the notes preview and download a free sample. Economics as a social science. Complete Study Notes typically cover at least half a semester's content or several topics in greater depth. 136 Cards -. Government Intervention in Markets. Title. This is particularly true of the European Union, where the freedom to live, work or study in another EU country is a fundamental right. For instance, China is now a major player in telecoms and digital technologies, with its own successful companies; it is no longer just a place for companies like Apple to assemble their products. Age range: 16+. ISBN. Elasticity of Demand and Supply. All the required contents are included in these 91 pages long notes. Wage determination in competitive and non-competitive markets. But where foreign investment and trade contribute to economic growth, a government will benefit from higher tax revenues. Scarcity, Opportunity Cost, Factors of Production Edexcel A Level Economics. (11) 21.99. Check out our website for more revision resources and other subjects and levels. Others may start businesses and create employment. Start your review of My Revision Notes: Edexcel a Level Economics. A level Edexcel economics: 25 markers My story -second year: 50 final year: 76 final degree: 2.1 profit maximising firm (economics AQA) Economics A-level without GCSE? For instance, very few British people want to pick fruit for a living; this is largely done by migrants. If you continue to use this site we will assume that you are happy with it. Browse Study Rocket's A Level Economics A Edexcel free revision notes. Edexcel A-level Economics Unit 1&2 Revision Notes (WEC11/WEC12) $ 25.98 $ 18.49 2 items. China is now the worlds biggest manufacturer and living standards have risen dramatically. This is particularly true in manufacturing industries, where firms can shift production or outsource it overseas. Author: Quintin Brewer. . Highly skilled professionals and workers in service industries are less exposed to competion from workers abroad. Specialisation, Division of Labour, Money, 1.2 How markets work Trade/Business Cycle, 2.6 Macroeconomic objectives and policies The ownership of these resources is increasingly in the hands of foreign owners. Producer & Consumer Surplus This carries risks as well as benefits; a strike, natural disaster or political instability in a country whose firms supply businesses overseas can cause serious disruption for its customers. 2.1 Measures of economic performance The growth of multinationals has resulted in very complex supply chains, so that very few products are made completely in just one country. do you have other parts of the handwritten notes? Indirect Taxes A full 37-page guide to all essential information, theories and graphs relating to Macroeconomics, relevant to AQA and Edexcel. A well known online retailer (beginning with A) routes all its sales in the U.K. to an office in Ireland, where profits are taxed at a lower rate. For instance the german car industry was badly affected by the financial crisis in the USA and Europe in 2007/8. But I really cant open the links given. By: evianastasiou 6 months ago. Regards. 3.1 Business growth Exchange Rates Positive and Normative Economic Statements. All the required contents are included in these 107 pages long notes. Here is a topic-by-topic listing of the available study notes for the microeconomics topics for Year 1 (AS) A Level Economics here on tutor2u. This is a Complete Set of Study Notes. A level Edexcel economics: 25 markers My story -second year: 50 final year: 76 final degree: 2.1 profit maximising firm (economics AQA) . Oligopoly The Circular Flow of Income Thank you These are complete Microeconomic notes covering all the aspects of the Economics A section. Various resources from s-cool.co.uk. International Competitiveness, 4.2 Poverty and inequality Price, Income & Cross Elasticity of Demand; Price Elasticity of Supply, Private, External & Social Costs/Benefits, Profit, Revenue, and Sales Maximisation; Satisficing, Revenues: Total (TR), Average (AR), Marginal (MR), Profit Maximisation: Normal Profits, Supernormal Profits and Loss, Economies of Scale & Diseconomies of Scale, Long-Run Average Costs (LRAC), Minimum Efficient Scale (MES), Restrictions on Free Trade: Tariffs, Quotas, Domestic Subsidies, Other Barriers, The financial sector: Role of Financial Markets, Financial Market failure and Role of Central Banks, Qurious Education | Admissions | Tutoring. Theme 3: Business behaviour and the labour market. Edexcel A Level Economics Past Papers If you are looking for past papers for A Level Economics for the exam board Edexcel then you are on the right page! Buy & Sell university, college, school, professional class notes. Pictures and diagrams are used to visually guide the reader. Fiscal Policy The UK Economy - Performance & Policies. Migration __ There has been a big increase in the numbers of __economic migrants, as barriers to movement have come down. Free movement of capital This refers to the freedom of businesses in one country to invest in another country. THANKS AGAIN . Economics edexcel a level revision notes Edexcel A-level Economics Student Book Answers AS Revision Advice for Edexcel Economics . The impact of economic growth. Theme 3: Business behaviour and the labour market 82 pages long notes were written in 2021. For instance, very few people travel abroad for a haircut. The Global Economy: Theme 3 for Edexcel A Level Economics B Answer Download. The Best Economics AS and A Level Notes, Revision Guides, Tips and Websites compiled from all around the world at one place for your ease. These organisations have also worked to help reduce barriers to the free movement of capital, making it easier for firms to invest abroad. 2. These primary products are then processed into high value added goods abroad. Could u send them to my email plz? Add to Basket. Suppose a firm produces components in country A which it then ships to country B, where they are assembled into a inished product. 9781292239248. I hope you find them useful. Tax avoidance Multinationals are very good at exploiting loopholes to minimise their tax liabilities. Thank you! For some topics, certain slides/concepts will not be applicable for this specification, which is noted in the brackets. Although my cohort has not taken official exams the notes I have produced are on the basis that I would have taken them. For example, if nominal GDP is 100bn and inflation is 10% then real GDP is 90bn. ISBN: 9781398312265. About Economics (9708): Cambridge International AS and A Level Economics builds on the skills acquired at Cambridge IGCSE (or equivalent) level. Edexcel AS Past papers to conslidate AS Edexcel Theme 1 (Paper 1) and Theme 2 (Paper 2) knowledge. Theme 1: Introduction to markets and market failure View A Level Economics Revision Guide - Theme 1 (Edexcel A).pdf from ECON 123 at University of Cambridge. 5/5. 1.2 How markets work. Economics as a Social Science. Also, some migrants help to fill vacancies where there are skill shortages, and so raise overall productivity and wages. Sample Decks: Microeconomics, part 1- Individual Economic Decision Making, Microeconomics, part 2- Production, Cost and Revenue, Microeconomics part 3- Perfect Competition, Imperfectly Competitive Markets and Monopoly. Identify your strengths and weakness with concepts broken down into bitesize chunks that you can remember, learn and understand. Balance of Payments: Current Account, 2.2 & 2.3 Aggregate demand (AD) & Aggregate supply (AS) Both Theme 1 and Theme 3 contents are included. A Level Economics Notes : Download. Real GDP is the value of all goods/services produced in an economy in a one-year period - and adjusted for inflation. Pattern of Trade (Coming soon) Monopsony Condition: Very Good. Resource type: Assessment and revision. Summary - Edexcel a-level economics unit 1 revision notes (wec11) Show more. 2022Qurious Education | Admissions | TutoringAll rights reserved, Powered byDesigned with the Customizr theme, BSc. Introduction to Markets & Market Failure. The U.K government loses a lot of tax revenue as a result. Our tutors will guide students through the entire syllabus, helping to identify gaps in knowledge and address common misconceptions. Edexcel A-Level Economics: Essay structures monopoly +market failure. Negative Production Externality Theme 1: Introduction to markets and market faliure. Download the Edexcel A Level Economics Specification Checklist (pdf) Could u send them to my email plz? Market Efficiency We have summarised the Economic concepts from the Edexcel Economics A syllabus, and linked our A-Level Economics notes and questions to key topics on this page. Changing Prices The prices of many goods has fallen as production has shifted to low cost countries. Edexcel A Level Economics book revision notes unmarked. Year 13 Course Content Micro: Business Behaviour and the Labour Market Macro: A Global Perspective. Answers to our outstanding book for Theme 3 for Edexcel B straight to the "My downloads" section of your account. Meanwhile access the notes from the alternate link posted above. Costs: Total Cost (TC), Average Cost (AC), Marginal Cost (MC), Fixed Cost (FC), Variable Cost (VC), Diminishing Marginal Returns These countries are important markets for American, European and Japanese companies, and also as suppliers of manuactured goods and services. If you have extranotes or resourcesplease contributeto thewebsite and help thousands of other people like you. The main causes of globalisation are: Falling trade barriers - Since the end of World War II in 1945, bodies such as the World Trade Organisation (WTO), the International Monetary Fund (IMF) and the World Bank have sought to reduce tariffs and other forms of barriers to free trade (see notes on 4.1.5 and 4.1.6). Tutors will use past-paper questions throughout their teaching to consolidate knowledge and perfect exam technique. Hodder Education; January 2021. Show Class. Pearson Edexcel International AS Level (IAS) Economics Online Teacher Resource Pack 1. They are typically greater than 20 pages in length and go into more detail when covering topics. Monopoly The impact on workers in the host country is complicated. The syllabus includes the main theoretical concepts which are fundamental to the subject, a section on some current applications of Economics, and a strong emphasis on advanced practical skills. Absolute/Relative poverty Summary notes and past papers for AQA, Edexcel, OCR, CAIE and WJEC Economics A-Levels China is also now a major souce of investment funds for the USA and Europe. 10 Decks -. Transfer pricing is one example. Various resources from tutor2u.net. Additional contents are used from extra readings to complete the notes and cover the entire subject. There are four principal characteristics of globalisation: International trade and movement of people across the world has been going on for thousands of years, but the trend towards a more integrated world economy has greatly accelerated in recent decades. Private, External & Social Costs/Benefits For instance, the financial crisis in 2007-8 soon spread from the USA to Europe and many other regions. an appreciation of the methods of study used by the economist, and of the most effective ways economic data may be analysed, correlated, discussed and presented. - Scarcity, Opportunity Cost, Factors of Production. These are complete Microeconomic notes covering all the aspects of the Economics A section. More choice Increased international trade means consumers have a wider choice of goods and services from suppliers all over the world. Ajith Kr rated it it was amazing Jun 29, 2020. liana . But I really cant open the links given. Trading Blocs 100 pages long notes were written in 2021. Edexcel A Level Economics (A) October 2020. s3 injectors. The Best O & A Level Resource on the Web. Price Controls: Maximum & Minimum Prices They have attracted much less inward investment in manufacturing and instead continue to rely on minerals and agricultural products for their livelihoods. Suppose that in country A profits are taxed at 30%, but only at 15% in country B. Organic Growth and Business Integration: Horizontal/Vertical/Conglomerate Learners find out about the economics of developed and developing nations and how these interrelate. Learn More. Please support this website by adding it to your whitelist in your ad blocker. Some countries, such as China have been transformed through globalisation. Free transfer of technology and knowledge Companies can license the use of their technology to companies abroad or employ their own technological expertise in factories they own abroad. Some goods, however have risen in price, due to the increased demand resulting from rising incomes in emerging market countries. c) The inability in economics to make scientific experiments. Copyright 2022 Students International LLC. Market Failure. Flashcard Maker: Keval Savani. Similarly, the production of clothes is now mainly in South east and South Asia. Write a review. 107.00. Both Theme 1 and Theme 3 contents are included. A Level Economics Part 4 : Download. These notes are a certain too to an A* in exam. Edexcel A Level Economics A (9EC0) Theme 1: Introduction to markets and market failure revision notes. Globalisation Alternative Views of Consumer Behaviour. Check out Adapt the A-level & GCSE revision timetable app. Stay engaged for longer & don't drift off with GIFs and animations. thanks a lot for these notes! Understand key terms you will need for the exam with user-friendly definitions and a glossary. This can result in bad decisions which harm the economy. While I fix the problem, you can access the notes from the direct link above. Edexcel Economics A (AS / Year 1) Theme 1: Introduction to markets and market failure. 3 Learners. a) Thinking like an economist: the process of developing models in economics, including the need to make assumptions. Having a clearout of a level books</p> Asymmetric Information 9781292239187. Mergers and Demergers, 3.2 Business objectives 2020 Edition EXCESS LEARNING LEARNING exam success at your fingertips A-LEVEL Study Resources Main Menu Complete Microeconomic notes from the Economics A of the A Level UK. __Corruption __ This is particularly (but not uniquely) a problem in developing countries, where officials are prone to accepting bribes in return for awarding contracts or granting planning permission to multinationals. AD & AS Factors, Shifts, Equilibrium Price Level/Output (Coming soon) A Level Economics Part 3 : Download. Government Failure: Information Gaps, Opportunity/Administrative Costs, Price Signal Distortions, Theme 2: The UK economy performance and policies Ged rated it liked it Nov 04, 2021. Sample Decks: 2.1.1 Measures of Economic Performance, 2.1.2 Inflation, 2.1.3 Employment and Unemployment. Check out our Year 1 Microeconomics playlists on the Tutor2u You Tube Channel. Public Goods and the Free-Rider Problem on The Best Economics AS and A Level Notes, A Levels Past Papers (All In One) 2001-2014. Emerging market economies Countries like China, Brazil and India have emerged as major economies in the last 30 years and are now important producer and consumer nations. 1918-39My Revision Notes: Edexcel AS/A-level Politics: UK Government and PoliticsMy Revision Notes: Edexcel A Level Economics Third EditionMy Revision Notes: Edexcel GCSE (9-1) History: Anglo-Saxon and Norman England, c1060-88My Revision Notes: Edexcel Year 1 (AS) Maths (Pure)My Notes, summary sheets and more from physicsandmathstutor.com. It shows the mean wealth of each citizen in a country. Consumer and Producer Surplus. Inflation How can we get the notes? Strategies Influencing Growth and Development, Trading Blocs and the World Trade Organisation (WTO), Macroeconomic Policies in a Global Context, Factors Influencing Growth and Development, Wage Determination in Competitive and Non-competitive Markets, Specialisation and the Division of Labour, Price, Income & Cross Elasticities of Demand, Free Market Economies, Mixed Economy and Command Economy, Positive and Normative Economic Statements, The Benefits and Costs of Economic Growth, Equilibrium Levels of Real National Output, Conflicts and Trade-Offs Between Objectives and Policies, Introduction to Markets and Market Failure, The UK Economy - Performance and Policies. Increased world trade The greater movement of goods by sea and air has contributed to the increase in greenhouse gases and global warming. China is now the second biggest economy in the world, and will soon overtake the USA, currently in first place. Alternatively, use Edexcel AS old specification papers to consolidate AS Theme 1 (Unit 1) and Theme 2 (Unit 2) knowledge. You must log in and be a buyer of this download to submit a review. With us, you can buy & sell all types of study notes online. Price. Series: My Revision Notes. About Economics (2281): The Cambridge O Level Economics syllabus develops an understanding of economic terminology and principles, and of basic economic theory. Increased interdependence Globalisation has produced increasingly complex supply chains. Additional contents are used from extra readings to complete the notes and cover the entire subject. Economic Growth Government Failure. We use cookies to ensure that we give you the best experience on our website. . We hope this will serve as a directory of our Economics resources for Edexcel Economics A students in AS and A2. Build quick recall with bullet-pointed summaries at the end of each chapter. In economics, __globalisation __means the increased interdependence between the economies of individual countries and different regions of the world. Edexcel A Level Economics A (9EC0): The UK economy Performance and Policies revision notes. FULL SET OF AS Level A* Quality notes. Cambridge International AS and A Level Economics is ideal for learners who want to study Economics or a wide variety of related subjects at university or to follow a career in science. Rationing, Incentive and Signalling Price Functions Excess Supply and Excess Demand Food is a good example. Restrictions on Free Trade: Tariffs, Quotas, Domestic Subsidies, Other Barriers They will also learn to handle simple data and undertake economic analysis, evaluate . Edexcel A2 Past papers to consolidate A2 knowledge from all four Edexcel Economics themes. Workers from developing countries may be able to earn much more in the rich world. Profit, Revenue, and Sales Maximisation; Satisficing, 3.3 Revenues, costs and profits They are a great revision tool for students to use alongside their studies. Smaller and less powerful countries, particularly in Africa have not benefited to the same extent. Relocation of polluting industries Multinationals have tended to relocate or outsource their polluting activities to developing countries where there is less environmental regulation. Title: My Revision Notes: Edexcel A Level Economics Third Edition. This is the movement of goods in steel containers of a standardised size, which can be easily transferred from lorries to trains or ships, greatly reducing the storage and handling costs of moving goods. These notes summarised the whole Theme 2, and present the contents in sample questions and answer manner. Economic and Social Welfare. This means the plant in country B makes little profit (where tax is high), but a big profit in country B (where tax is low). Demand & Supply: Diminishing Marginal Utility, Factors, Shifts, Price Determination (Coming soon) Practical skills are assessed in a timetabled practical examination. Contestability, 3.5 Labour market $27.63. - Production Possibility Frontiers: PPFs (Coming soon) - Specialisation, Division of Labour, Money. Behavioural Economics, 1.3 Market failure Alternatively, use Edexcel A2 old specification papers to consolidate A2 Theme 3 (Unit 3) and Theme 4 (Unit 4) knowledge. Edexcel A2 Past papers and Edexcel AS Past papers are also available on the site to test/consolidate your knowledge. (For instance, Chinese banks are providing the funding for the construction of several new nuclear power stations in Britain). With higher incomes, people in China now consume much more meat, driving up prices all over the world. Please do bookmark this page and share it if you find it helpful. The range of foods in supermarkets is a good example; we can now get almost any kind of food at any time of the year and no longer have to eat what is seasonally available locally. Full of key terms and essay plans. Our two-day courses are a great way for Year 12 students to consolidate all AS content. This has produced a problem of structural unemployment in the countries losing these jobs, but has created millions of jobs in developing countries. 1.1.1. Equilibrium levels of real national output. Production Possibility Frontiers: PPFs (Coming soon) 1.1 Nature of economics. We use cookies to ensure you get the best experience on our website. The main causes of globalisation are: Falling trade barriers - Since the end of World War II in 1945, bodies such as the World Trade Organisation (WTO), the International Monetary Fund (IMF) and the World Bank have sought to reduce tariffs and other forms of barriers to free trade (see notes on 4.1.5 and 4.1.6). GDP per capita = GDP / the population. Conflicts and Tradeoffs between Objectives and Policies (Coming soon) Thankyou so much. If you are not satisfied with an item that you have purchased, you may return the item within 24 hours of your purchase and get a. StudyLast was founded in aim of allowing students to find all necessary study materials easily in a single place while earning a handy income. Lower costs Firms can now source materials and components from all over the world, finding the cheapest sppliers. Use this document to help check the completeness of your notes and plan revision ahead of Year 13 mocks and the real exams in the summer! 30.90. Get your best grades with this exam-focused text that will guide you through the content and skills you need to prepare for the exam. Used by son 2021/22. Perfect Competition Employment Some manufacturing industries, such as textiles and electronics have largely moved out of Europe and north America, and are now mainly located in Asia. Profit Maximisation: Normal Profits, Supernormal Profits and Loss Balance of Payments . Many now have production facilities in different parts of the world. Notes, Tips & Revision Guides for O and A Level Subjects. Check the notes preview and download a free sample, Macroeconomic (A Level Economics A) complete notes, Edexcel A Level Economics A: The UK economy Performance and Policies revision, Edexcel A Level Economics A: Introduction to markets and market failure revision, Microeconomic (A Level Economics A) complete notes. Exam Board: Edexcel Level: AS/A-level Subject: Economics First Teaching: September 2015 First Exam: June 2016. take all Advanced Level (A Level) and Advanced Subsidiary Level (AS Level) components at one exam session, leading to the full A Level qualification (Papers 1, 2, 3 and 4) take the AS . These detailed and easy to read notes cover all the content required for Edexcel (A) A-level Economics. Price, Income & Cross Elasticity of Demand; Price Elasticity of Supply Demand & Supply of Labour: Factors, Elasticity and Wage Determination Free Market Economies, Mixed Economy and Command Economy. Target success in Edexcel A level Economics with this proven formula for effective, structured revision; key content coverage is combined with exam-style tasks and practical tips to create a revision guide that students can rely on to review, strengthen and test their knowledge. Yuki Wang rated it it was amazing Jan 23, 2022. This will tend to drive down wages of low skilled workers in rich countries, but raise wages in developing countries for workers who leave very low paid work in agriculture and migrate to the cities to work in factories. Sizes and types of firms. 1. Labour market failure: Geographical & Occupational Immobility, Monopsony, Minimum Wage, 3.6 Government intervention for Market Structures: Types, Impact and Limits (Coming soon), Theme 4: A global perspective This means that economic events in one part of the world are likely to have effects everywhere else. Pearson Edexcel Level 3 Advanced GCE in Economics A (9EC0) Theme 2 notes: The UK economy - performance and policies. b) The use of the ceteris paribus assumption in building models. A Level Economics Revision Notes : Download. Pearson Edexcel International A Level (IAL) Economics Online Teacher Resource Pack 2. Multinationals are also able to relocate production to low wage countries. Improved transport Investment in road, rail, air and sea transport has revolutionised the movement of goods and people around the world.
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