Business A-Level
emerging economy
What emerging economy means in Business A-Level, as defined for AQA.
Definition of emerging economy
Check what you remember
Read the wording for your board, then hide it and explain emerging economy in your own words. Rough notes are fine. This is a self-check, with no mark or grade.
Reference: AQA
One industrialising quickly from a low base, with rising incomes and institutions that are still forming, and it matters to business as a market and as a production base.
Topics that use emerging economy
- Assessing globalisation and internationalisation (AQA A-Level)
Related terms
- competitive rivalry
- contribution per unit
- cultural distance
- Economies of scale
- exchange rate movements
- falling transport and communication costs
- franchising
- global and transnational strategy
Using emerging economy in the exam
Check the command word and mark scheme for your exact question. After comparing your explanation with the reference, use the term in an answer on the linked topic. This practice does not predict an exam mark.
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