IGCSE Economics Chapter 6.1 Specialisation and free trade (updated for the 2027 syllabus) скачать в хорошем качестве

IGCSE Economics Chapter 6.1 Specialisation and free trade (updated for the 2027 syllabus)

#FreeTrade #Specialisation #IGCSEEconomics This video explains specialisation and free trade, covering why countries specialise in producing certain goods and services, and the advantages and disadvantages of specialisation for economies. It also explores the concept of free trade, its benefits such as efficiency and consumer choice, and the potential drawbacks including dependency and structural unemployment. The lesson links these ideas to global trade and development, giving students a clear understanding of how international trade shapes economies. Exam-focused and easy to follow, this guide helps students master Chapter 6.1 Specialisation and Free Trade and prepare with confidence for their IGCSE Economics exams. Timestamps 00:00 - Intro 00:56 - Changes in trade restrictions 1:31 - Changes in transport costs 2:06 - Changes in communication costs 2:43 - Movements of multinational companies 3:13 - Effect on international trade 3:41 - Effect on competition 4:21 - Effect on the environment 4:52 - Effect on migration 5:29 - Effect on income distribution 5:53 - Effect on economic development 6:24 - Multinational companies 6:52 - Advantages (MNC) 7:56 - Disadvantages (MNC) 8:57 - Tariffs 9:20 - Import quotas 9:37 - Subsidy 9:59 - Embargo 10:28 - Protect infant industries 10:47 - Protect declining industries 11:06 - Protect strategic industries 11:46 - Avoid dumping 12:11 - Reduce deficit on current account 12:37 - Raise tax revenue 13:03 - Restrict the import of demerit goods 13:22 - Promote environmental sustainability 13:45 - Disadvantages of trade protection