EMERGENCE OF USA
HOW DID THE AMERICAN REVOLUTION INFLUENCE THE FRENCH REVOLUTION
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
|
|
a fundamental change that has occurred rapidly
|
|
|
a fundamental and rapid change in government
|
|
|
a fundamental change in how an economy is structured
|
|
|
a fundamental change in society and culture
|
Detailed explanation-1: -Structural change is often sparked by technological innovation, new economic developments, global shifts in the pools of capital and labor, changes in resource availability, changes in supply and demand of resources, and changes in the political landscape.
Detailed explanation-2: -Structural change refers to the transformation in the structure of a society. This type of change includes changes in the structure of social institutions or the rules by which they are run. Structural changes are thus long term and permanent changes. For example, globalization is a structural change.
Detailed explanation-3: -Economic systems are grouped into traditional, command, market, and mixed systems. Traditional systems focus on the basics of goods, services, and work, and they are influenced by traditions and beliefs.
Detailed explanation-4: -The term “structural change” refers to changes in the relative importance of the main sectors of an economy (agriculture, industry, services, and so on) in the course of economic growth. Relative importance here pertains to changing shares of both output and employment in economic sectors.