ECONOMICS
ECONOMIC DEVELOPMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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This stage is marked by interdependence, basic goods and services are produced with the aid of science and technology.
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Hunting and Gathering
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Industrial
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Pastoral
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Post-Industrial
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Explanation:
Detailed explanation-1: -Globalization is a term used to describe the increasing connectedness and interdependence of world cultures and economies.
Detailed explanation-2: -Specialists in this area define seven stages of economic integration: a preferential trading area, a free trade area, a customs union, a common market, an economic union, an economic and monetary union, and complete economic integration.
Detailed explanation-3: -Free trade. Custom union. Common market. Economic union (single market). Political union.
Detailed explanation-4: -Free trade area. This is the most basic form of economic cooperation. Customs union. This type provides for economic cooperation as in a free-trade zone. Common market. Economic union.
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