Iron Ore and Raw Cotton Are Examples Of

question 66

Multiple Choice

Iron ore and raw cotton are examples of:

• A) personal products.
• B) shopping products.
• C) impulse products.
• D) business products.

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Definitions:

Globalization

A process by which businesses, cultures, and information spread internationally, leading to a more interconnected world.

Peripheral Capitalist Country

A term used in world-systems theory to describe countries that are not dominant in the global economy, often exploited for their resources by more developed countries.

Core Capitalist Country

A highly developed, industrialized country that is a central force in the global economic system.

Core Peripheral Country

A concept in world-systems theory describing countries that dominate in terms of advanced technology, financial resources, and economic influence, as opposed to peripheral countries that are dependent and exploited.