Which of the Following Was Not Part of "The Great

question 8

Multiple Choice

Which of the following was not part of "the great transformation" described by Karl Polanyi?

• A) The emergence of socialist forms of government.
• B) Growing urbanization.
• C) A shift to new technologies and inanimate energy sources.
• D) The emergence of widespread wage labour.

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Definitions:

Interest

The cost of borrowing money, typically expressed as a percentage of the amount borrowed.

Rate Difference

The disparity in interest rates, often used in the context of comparing rates between two different financial products or within different markets.

Spread

The difference between the bid and the ask price of a security or the difference between the interest rate paid for deposits and received for loans.

Institutional Investors

Organizations such as banks, insurance companies, and pension funds that make substantial investments on the capital markets.