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:

Income Inequality

The unequal distribution of household or individual income across the various participants in an economy, leading to a gap between the wealthy and the poor.

Clinton Administration

The executive period in the United States from 1993 to 2001, under President Bill Clinton, characterized by economic prosperity and several domestic and international challenges.

Economic Significance

The importance of an entity or event in terms of its impact on the economy, relating to wealth, resources, and the production of goods and services.

Technological Advance

Progress in the development and application of scientific knowledge to practical tasks in industries such as computing, engineering, and biotechnology.