USA HISTORY

SETTLING NORTH AMERICA 1497 1732

THE SOUTHERN COLONIES SETTLEMENT AND GROWTH

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Depending on one another for economic resources is called
A
interdependence
B
independence
C
overdependence
D
undependence
Explanation: 

Detailed explanation-1: -Economic interdependence is the mutual dependence of the participants in an economic system who trade in order to obtain the products they cannot produce efficiently for themselves.

Detailed explanation-2: -Economic interdependence refers to some measure of the value of economic transactions between two countries, or between a country and the rest of the world, perhaps scaled to total national output or to some measure of total financial assets.

Detailed explanation-3: -This is where each nation and their economies are dependent on other nations for products and goods. For example, the United States today depends on China to provide it with many goods.

Detailed explanation-4: -Interdependent comes from the Latin word inter meaning “among, between, ” and dependere which means “to hang from, be dependent on.” When two people are interdependent, they have a sense of dependency between them. Married couples are often interdependent.

Detailed explanation-5: -: the state of being dependent upon one another : mutual dependence.

There is 1 question to complete.