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globalization - vocabulary

Globalization – the increase of trade around the world, especially by large companies producing and trading goods in many different countries
To go into production – start the process of making or growing goods to be sold
manufacture - to make goods on a large scale using machinery
distribution of sth – the transport and supply of goods, etc to various people or places
national, multinational/global - (adj)involving several different countries, or (of a business) producing and selling goods in several different countries; relating to the whole world
to market – to advertise and offer sth for sale
competition – when s.o. is trying to win sth or be more successful than s.o. else
location – a place or position
location factors - a fact of a place or position which influences the result of something
to consider – to take sth in account, to make allowances; to look carefully at sb/sth
plant – the machinery, equipment, etc used in an industrial or manufacturing process; a piece of machinery or equipment; a place where an industrial or manufacturing process takes place, a factory
site/facility – a place where a building was, is or will be situated
suitable – acceptable or right for someone or something
to raise capital – to obtain money
to close down – the stopping of work
cheap labour – workers who earn less money
demand – the desire of customers for goods or services which they wish to buy or use
to supply – to provide enough of sth for a need
supply & demand – (economics) the amount of goods, etc available and the amount wanted by people. The relationship between these is often regarded as controlling economic activity or prices.
crucial – very important, esp for its effect on sth
to make s.o. redundant – to dismiss sth because he’s no longer needed
to set s.o. free – to dismiss sb, to boot sb. out
resources – a supply of sth that a country, an organisation, or an individual has an can use, esp to in...

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