Outline the Key Trends in Globalisation and Give Examples of Companies

question 51

Essay

Outline the key trends in globalisation and give examples of companies that have taken advantage of these trends to expand their business.

Understand the effects of European diseases on Native American populations.

Recognize the development and impact of early capitalism and joint stock companies on exploration and colonization.

Grasp the significance of religious policies and conflicts in European colonization efforts.

Understand the historical significance of key figures and terms in the exploration and colonization period.

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Definitions:

Horizontal Demand

A market situation where the demand for a product remains constant regardless of changes in its price.

Entrepreneurs

Individuals who, rather than working as employees, found and run small businesses, assuming all the risks and rewards of the venture.

Technological Change

Refers to the improvements and innovations in technology that enhance productivity or enable new products and services.

Own Wealth

The total value of all financial and non-financial assets owned by an individual or entity, minus any liabilities.