There Are Four Drivers of Globalisation.They Are

question 32

Multiple Choice

There are four drivers of globalisation.They are:

• A) market, cost, governments and cultures
• B) market, cost, governments and regulations
• C) costs, governments, competition and regulations
• D) market, cost, governments and competition

Explain the characteristics and benefits of a market economy.

Describe the implications of private ownership and free exchange.

Understand the economic rationale for specialization and division of labor.

Analyze the impact of trade on economic output and progress.