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What is exporting?
Selling products out of the country
What is importing?
Buying products from other countries
What is division of labour?
Giving each worker a task so that they become specialised
What are the advantages of specialisation?
Quality
Efficient
What is specialisation?
Expertise on a task/subject
What is FDI?
Cross-border investments
Does FDI result in shares?
If the purchase leads to the investor controlling more than 10% of the company
What are the benefits of FDI?
Growth
Resources
Job opportunities
Access to new markets and partners