GLOSSARY
|
TERM |
DEFINITION |
|
MultiNational Companies(MNCs) |
Multinational Companies are those that operate in multiple countries and have a large amount of capital to invest. |
|
Globalization |
Globalization is the process of rapid integration or interconnection between countries. |
|
Investment |
The money that is spent to buy assets such as land, building, machines, and other equipment is called investment. |
|
Foreign investment |
Investment made by MNCs is known as Foreign Investment |
|
Trade Barrier |
To regulate foreign trade, the government imposed some restrictions on trade. These restrictions are referred to as trade barriers |
|
Liberalization |
Removing barriers or restrictions on trade set by the government is known as liberalization. |
|
Special Economic Zones (SEZs) |
In order to attract foreign companies to invest in India, the Government set up industrial Zones known as Special Economic Zones(SEZs). |
|
Foriegn trade |
Trade between different countries of the world. |
