Asked by Madison Gubler on May 14, 2024
Verified
Some economic heterogeneity exists under the conditions of globalization; although it is mostly local markets that are either culturally commodified or specially tailored to because of their uniqueness.
Economic Heterogeneity
The existence of variations in economic attributes among individuals, groups, regions, or countries, leading to differences in wealth, income, and economic opportunities.
Globalization
The process by which businesses or other organizations develop international influence or start operating on an international scale, leading to increased interconnectedness and interdependence of the world's economies, cultures, and populations.
- Gain insight into the interrelations between globalization, cultural heterogeneity, and economic disparities.
Verified Answer
Learning Objectives
- Gain insight into the interrelations between globalization, cultural heterogeneity, and economic disparities.
Related questions
Modern Globalized Culture Allows People to Be Eclectic About Preferences ...
In Terms of Culture, Globalization Always Entails an Increasing Amount ...
Briefly Define the Four Dimension of Globalization
What Is the Role of the World Trade Organization and ...
How Can Four Schools of Thought on the Labor Problem ...