I've found an excellent explanation of difference between Global and Local term sets:
Local vs Global term sets
The above blog contains the following useful information as well:
SharePoint 2010 Managed Metadata
What is it?
Why I love it!
Global vs. Local Term Sets
Moving/Copying MMS Instances / Term Stores between Environments
In Depth Look into the Taxonomy Parts
Creating Managed Metadata Columns
When I've created a new site for testing and added a managed metadata column to a list, I've got the following message: "The required feature is not enabled for this column type".
The following command should be executed:
Enable-SPFeature -id "73ef14b1-13a9-416b-a9b5-ececa2b0604c" -Url <Site-Url>
Refer to the following article for more details.
Local vs Global term sets
The above blog contains the following useful information as well:
SharePoint 2010 Managed Metadata
What is it?
Why I love it!
Global vs. Local Term Sets
Moving/Copying MMS Instances / Term Stores between Environments
In Depth Look into the Taxonomy Parts
Creating Managed Metadata Columns
When I've created a new site for testing and added a managed metadata column to a list, I've got the following message: "The required feature is not enabled for this column type".
The following command should be executed:
Enable-SPFeature -id "73ef14b1-13a9-416b-a9b5-ececa2b0604c" -Url <Site-Url>
Refer to the following article for more details.