Which World Region Now Seems to Be Recapturing the Share

question 2

Multiple Choice

Which world region now seems to be recapturing the share of world GDP it lost between 1820 and 1950?

• A) Europe and Russia
• B) North America
• C) Asia
• D) Africa

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Definitions:

Franchising

A licensing agreement where a franchisor grants a franchisee the right to use its brand, products, and operational model in exchange for a fee.

Greenfield Investment

A form of foreign direct investment where a parent company builds its operations in a foreign country from the ground up.

Licensing

The granting of permission by an authority or company to an individual or another company to engage in a certain activity or to use a certain product.

Exporting

The act of selling products or services produced in one country to buyers in other countries.