Geography key terms 1

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Last updated: September 22, 2017

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First submitted	September 22, 2017
Times taken	9
Average score	22.2%
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Key term	Definition
a tax imposed on imports	tariff
financial assistance to a business by a government	subsidy
a limit on the quantity of goods allowed into a country	quota
a policy to protect businesses by restricting imports into the country	protectionism
transferring ownership of a company from the public sector to the private sector	privatisation

Key term	Definition
the philosophy of free trade, free markets and private companies with no government interference	neoliberalism
same as outsourcing	offshoring
when a TNC takes over another company in a foreign country	foreign acquisitions
trade where governments don't apply tariffs or quotas	free trade

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