INTRODUCTION TO ENTREPRENEURSHIP
ENTREPRENEURIAL PROCESS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Which of the following has helped create a global economy in the present day?
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The use of high taxes for imports and exports
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Improvements in technology have made trade easier
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The creation of one form of currency (money) used to trade
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The success of the Communist governments in guiding trade
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Explanation:
Detailed explanation-1: -Today, follow-on advances in technology have led to the rapid expansion of global trade. Three suggested factors accelerated economic globalization: advancement of science and technology, market oriented economic reforms, and contributions by multinational corporations.
Detailed explanation-2: -1) High Inflation and Low Economic Growth. 2) Strong Labor Markets. 3) Geopolitical Tensions. 4) High Interest Rates. 5) Price Shocks for Energy and Commodities. 21-Feb-2023
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