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Globalization Has Affected Almost Every Aspect of Our Lives

question 70

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Globalization has affected almost every aspect of our lives.What are some positive and negative consequences of it?


Definitions:

Farmer

A person involved in farming, cultivating living beings for consumption or raw materials.

Comparative Advantage

The ability of an entity to produce a good or service at a lower opportunity cost than others, enabling more efficient trade.

Austria

A landlocked country in Central Europe, known for its rich cultural history, and contributions to art, music, and science.

Italy

A country located in southern Europe, known for its rich history, cultural heritage, and significant contributions to art, food, and fashion.

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