In the International Division of Labour,the World's Periphery Provides

question 92

Multiple Choice

In the international division of labour,the world's periphery provides

• A) raw materials.
• B) manufactured goods.

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Definitions:

Economic Growth

The increase in the amount of goods and services produced by an economy over a period of time.

Declining Savings

A situation where the amount of money saved by individuals or entities decreases over time.

Productivity Growth

An increase over time in the output of goods and services per unit of input, reflecting improvements in technology, processes, or efficiency.

Savings Rate

The proportion of disposable income that individuals or households save rather than spend on consumption.