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  • Unit 1: Economics of the Market
  • Unit 2: UK Economic Activity
  • Unit 3: Global Economic Activity
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Define what is meant by globalisation.

Block Type
Knowledge Checkpoint
‣
Knowledge Checkpoint: Define what is meant by globalisation (2 marks).

1 mark for each valid definition.

1 mark for a valid development.

A model answer could look something like this:

Globalisation is the process of integrating markets across the world economy (1). It is made possible through the advanced telecommunications networks and the reduced restrictions on the movement of labour (1).