GK
WORLD GEOGRAPHY
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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When countries depend on each other for resources, goods, or services, we call this
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globalization
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interdependence
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humanitarian aid
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popular diffusion
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Explanation:
Detailed explanation-1: -Economic interdependence refers to the relationships that are between countries, in which each country is dependent on another for necessary goods or services.
Detailed explanation-2: -Interdependence means that the firms in the market must take into account the likely reactions of their rivals to any change in price, output or forms of non-price competition. It is a key aspect of business competition and behaviour in an oligopoly and can be modelled by the use of game theory.
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