Identify and Give the Historical Significance of Each of the Following

question 25

Essay

Identify and give the historical significance of each of the following terms, events, and people in a paragraph or two.
-Socialism

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Definitions:

Cultural Differences

The variations in the customs, values, norms, and social practices among people and societies from different parts of the world.

International Firms

International firms are businesses that operate across national borders, engaging in foreign trade or investment, reflecting their global market presence.

International Firm

A company that engages in cross-border business activities, operating in multiple countries outside of its home country, and dealing with international production or trade.

Existing Products

Products that are currently available in the market, as opposed to new or upcoming products.