Child Labour - Exploitation of children in the workplace, Commodity - Any raw material that can be exchanged e.g. oil, wheat etc., Consumer - A person who buys goods or services., Economic Impacts - Relating to the economy – costs and profits based on production, distribution and consumption of goods and services., Environmental Impacts - Relating to the natural world and the impact of human activity on its condition., Export - A product or service sold abroad., Fossil fuel - Energy derived from the remains of organisms e.g. coal, oil, gas etc., Fair trade - Trade between companies where fair prices are paid to the producers., Globalisation - The spread of products, technology, information and jobs across national borders and culture., Goods and services - Products that can be sold. Goods refers to physical products; services refer to actions provided., Gross Domestic Product (GDP) - The total economic value of goods and services produced by a nation., Impacts - A marked effect or influence., Imports - A commodity, article or service brought in from overseas for sale., Information Technology - The range of electronic equipment used in modern communications., Interconnection - A mutual connection between 2 or more things., Monopoly - Where one company or person is the sole supplier of a good or service., Multinational Corporation (MNC) - A corporate organization that owns and controls the production of goods or services in at least one country other than its home country, Non-renewable Resource - Fossil fuels (coal and oil) that cannot be replaced., Off-shore Operations - Companies that produce outside of the region they conduct business. Usually occurs in areas that offer cheap labour., Renewable resource - A resource for which there is no practicable limits because it is constantly replaced e.g. solar power., Social Impacts - The effect on people and communities as a result of actions or activities., Trade - The sale of goods and services.,

Global interconnections Word Wall Checkpoint

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