This test is run by .
Note that your final mark will not be saved in the system.
Note that your final mark will not be saved in the system.
Trade Categorise
Target Level
C
Running Total
0
0%
Attempt
1 of 1
Click on an item, then click on a category to place it. Or, drag and drop the item into the correct category. Organise all items before clicking 'Check'.
Costs
Benefits
Lower production costs for producers
High risk compared to a diversified economy
Developing countries receive less revenue for their goods
Lower prices for consumers
Sectoral imbalance
Can take advantage of economies of scale
High unemployment possible if specialised sector becomes uncompetitive
Economic growth
TNCs gain monopoly power
Larger markets available for producers
Greater consumer choice
Increased vulnerability to global shocks
Higher standards of living for consumers
Infant industry in developing countries cannot compete with TNCs