Which of These Countries Challenges the Widespread Belief That Democracies

question 24

Multiple Choice

Which of these countries challenges the widespread belief that democracies are not well suited for the early expansion of industrialization?

• A) China
• B) India
• C) Nigeria
• D) Mexico
• E) Singapore

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Definitions:

Demand Factors

Variables that influence the desire and ability of consumers to purchase goods or services, including income levels, tastes, and the price of related goods.

Willingness

The readiness or inclination to act in a certain way or to undertake certain tasks, often within the context of economic transactions or agreements.

Affordability Factors

Elements that determine or influence the capability of consumers to purchase goods and services, including income, prices, and budget constraints.

Demand Factors

Elements that influence the quantity of a product or service that consumers are willing and able to purchase, including price, income levels, and consumer preferences.