What Contributed to the Idea of a "World Economy," and How

question 99

Essay

What contributed to the idea of a "world economy," and how did Europe come to dominate this?​

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Definitions:

Contingency Theory

A leadership theory that suggests the effectiveness of a leader is contingent upon how well the leader's style matches the context or situation.

Consumer Taste

Refers to the preferences, likes, and dislikes of customers that influence their buying behavior.

Behavioural Management Approaches

These approaches focus on understanding and influencing employee behavior through various techniques and strategies.

Labour Laws

Regulations that govern the relationship between workers, employers, trade unions, and the government, including aspects such as wages, working hours, and workplace safety.