All industrialized countries have become "service economies" in recent decades. Explain the reasons behind this shift.

Q: The major economies in the ___________Blank trade group are China, South Korea, Japan, and…

A: The allocation of resources to maximize the welfare of the economy is known as economics It also…

Q: explain how the spread of the American political and economic models have impacted cultures?…

A: An economic structure refers to its organization and composition, which includes numerous sectors,…

Q: Which of the following elements demonstrate the degree of globalization? Group of answer choices   A…

A: The term "globalization" refers to the increasing interdependence of the economies, cultures, and…

Q: Q2. Which of the following is true of product globalization? The rise of the barriers to selling…

A: Product globalization refers to the process of designing and producing products for the global…

Q: ..........into the workforce in the West and, ... has helped forge an interdependent global Fill the…

A: A form of economy known as an industrial economy is one that is based primarily on the manufacturing…

Q: ed and appreciated in all world markets Helps firms in their efforts to supply products and output…

A: Globalization is the process through which the world is becoming interconnected increasingly due to…

Q: Why isn’t it possible for all manufacturing jobs to leave the United States and go overseas (as some…

A: In the case of the US economy, the manufacturing sector plays a vital role as the US is the…

Q: Explain how economic depression and imperialism are linked

A: When talking about economic depression, it is the fluctuations in the economic cycle in the long…

Q: In reality, the economies of most countries are mixed rather than being pure market or command…

A: Pure market uses private ownership as the means of production but in the command economy, there is…

Q: What has happened to real GDP per person in the industrialized countries over the past century? What…

A: The GDP per capita is an approximation of the total amount of goods and services available per…

Q: how did westward expansion connect to industrialization ?

A: Answer-  The westhword expansion happened during the early 19th century . With cities of East were…

Q: Watch the following video clip about fair trade co-operatives in South America:…

A: International trade refers to the exchange of goods and services between countries or regions. It…

Q: What do you understand by the term deindustrialisation, explain the differentforms it can take?

A: Deindustrialization is a process of economic change in which a country or region shifts away from…

Q: which of the following statements is true of globalization? a. it has curbed the growth of middle…

A: Globalization is the process by which the world's economies, cultures, and populations become more…

Q: It has been observed that all industrialized countries have become "service economies" in recent…

A: Industrialized countries (or developed countries) has high GDP per capita, high standard of living,…

Q: Globalization makes new forms of consumption possible, but the effects of globalization on an…

A: The term "globalisation" refers to the increasing interdependence of the economies, population and…

Q: Globalization has also led to the growth of __________, which are large multinational corporations…

A: Globalization refers to the interconnectedness and interdependence of countries and societies…