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Globalization,in the Form of the New Production of Irrigated Cash

question 178

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Globalization,in the form of the new production of irrigated cash crops,brought this change to the rural Sudanese village studied by geographer Cindi Katz.


Definitions:

Terms Of Trade

The ratio at which a country can trade its exports for imports from other countries, indicating the economic value of goods a country can procure through international trade.

Specializing

The process of focusing on and becoming an expert in a particular subject or skill, often leading to increased efficiency and productivity.

Maximum-Output

The highest level of production that a company can sustain over the long term without increasing its costs per unit of output.

Mutually Beneficial Exchange

An economic interaction where all parties involved gain or perceive a gain from the transaction.

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