Asked by Phyllisa Starks on May 10, 2024
Verified
The global economy is characterized by the ___.
A) worldwide dependence of resource supplies, product markets, and business competition
B) worldwide independence of resource supplies, product markets, and business competition
C) worldwide interdependence of resource supplies, product markets, and business competition
D) worldwide distribution of resource supplies, product markets, and business competition
E) worldwide exploitation of resource supplies, product markets, and business competition
Worldwide Interdependence
The mutual reliance between different countries or regions globally, often referring to economic, environmental, or social aspects.
- Acquire knowledge on the fundamental idea and driving forces of globalization within the commercial sector.
Verified Answer
ST
Sushan ThapaMay 16, 2024
Final Answer :
C
Explanation :
The global economy is characterized by worldwide interdependence of resource supplies, product markets, and business competition. This means that countries rely on each other for resources, markets, and competition, and the actions of one country can impact many others.
Learning Objectives
- Acquire knowledge on the fundamental idea and driving forces of globalization within the commercial sector.
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