An introduction to global trade and a definition of a range of key terms relating to trade and economic activity. Looking at a typical high street transaction, it describes the complex links in a chain of economic production which spans the globe. Key terms are defined including products, manufactured goods, services, exports and imports. The importance of trade to a country's economy is considered.
- This clip is from:
- First broadcast:
- 8 October 2002
Can be used as an introduction to the topic of trade and industry. The students could be asked to use the key terms mentioned, to describe the types of products shown. The students could be asked to explain why primary products tend to come from the developing world, while services are shown originating from North America. Why are shirts manufactured in India? The relative value of manufactured goods compared to primary products can be discussed.