Globalization Is Also Affecting the World's Environment

question 10

Essay

Globalization is also affecting the world's environment. What do scientists call our current historical era, marked by human influence on the planet? Identify three effects of human activity on the environment, and then choose one and discuss its consequences.

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Definitions:

Market Output

The aggregate amount of products and services created and available for purchase within a market.

Merging of Firms

The process where two or more separate entities come together to form a single, combined organization, typically to achieve economic efficiencies or market advantages.

Identical Product

A product that is exactly the same in every detail and attribute as another, making them indistinguishable from each other.

High Barriers

Obstacles that make it difficult for new competitors to enter a market, including high start-up costs, complex regulations, or strong brand loyalty.