SS4S1U2: LA 8: How does globalization affect the livelihoods of a community?

A process that helps make all local market into one big market, making it cheaper to buy and sell goods and services all over the world.

• Globalization
• Investment
• Transport
• Employment

Livelihood is the way someone earns the money, for example people need to pay for food, a place to live, clothing, etc.

• True
• False

Globalization creates more jobs by...

• allowing the unemployed to seek employment in other countries.
• building factories in Cambodia
• forcing small and medium sized businesses to close down.
• businesses sell more and can therefore expand to new locations or open larger factories.

Globalization is good for local businesses since they can now...

• charge higher prices.
• sell goods and services to more people in other countries.
• get leftover materials for cheap.
• buy and sell crypto currencies.

Which of the following is a NEGATIVE effect of Globalization?

• Cultural Loss
• Increased Technology
• Human Rights Laws
• Access to new Markets

With globalization companies can more easily identify opportunities for expanding their business.

• False
• True

Improvements in how goods are transported causes which process to continue.

• Globalization
• Erosion
• Economic
• Climate Change

Globalization has been shown to increase the standard of living in developing countries.

• False
• True

Your livelihood is your job or other way to make money that lets you buy the things you need.

• True
• False

With globalization money cannot be transferred quickly across national borders.

• False
• True