The Global Compact Is a Legislated and Enforceable Code That

question 8

True/False

The Global Compact is a legislated and enforceable code that provides a way for MNEs to have a more responsive and constructive role in the developing world.

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Definitions:

Market System

A financial structure where choices about investment, production, and allocation are determined by market forces of supply and demand.

Market System

The economy operates under a system where investment decisions, production processes, and distribution plans are shaped by the principles of supply and demand, and the open market is where prices for goods and services are freely established.

Allocation Of Resources

The process of assigning available resources, or inputs, to specific uses chosen among many possible and competing alternatives in order to achieve goals.

Income Distribution

The manner in which a nation’s total earnings are divided among its population, affecting economic equality.