By Enabling the Spread of Collaboration and Ideas, an Online-Based

question 165

Multiple Choice

By enabling the spread of collaboration and ideas, an online-based company promotes

• A) increased productivity.
• B) product innovation.
• C) increasing markets.
• D) decreasing costs.

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Definitions:

Economic Growth

The rise in the real market value of goods and services generated by an economy over a period.

Living Standards

The degree of wealth, comfort, material goods, and necessities available to a certain socioeconomic class or geographic area.

Newly Industrializing Countries

Countries that are transitioning from primarily agricultural to primarily industrial sector economies, experiencing rapid economic growth and development.

Less Developed Countries

Nations with a lower level of income, industrialization, and modernization compared to more developed countries.