Today, the World Has

question 13

Multiple Choice

Today, the world has:

• A) 50 states.
• B) 140 states.
• C) approximately 194 states, but with some questions.
• D) over 600 states.
• E) a number of states that cannot be determined because of inconsistent definitions.

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Definitions:

Industry Life Cycle

The stages through which an industry goes from its inception to its decline, typically categorized as introduction, growth, maturity, and decline.

Necessities

Basic needs required for sustaining human life, such as food, water, shelter, and clothing.

Income

Money received, especially on a regular basis, for work or through investments.

Industry Life Cycle

A concept that describes the stages of growth and development that an industry goes through from inception, through growth, maturity, and eventually decline.