An Increase in Car Ownership, the Number of Two-Income Households

question 83

True/False

An increase in car ownership, the number of two-income households, and the number of households with a refrigerator have all contributed to the more fragmented retail system found in developed countries.

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Definitions:

High-Skilled

Referring to jobs or workers that require advanced knowledge or abilities, often acquired through extensive education or specialized training.

Labour Market Segmentation

The division of the labor market into distinct sub-markets or segments, each with its own set of employment practices, job characteristics, and worker demographics, leading to unequal job opportunities and wages.

World War II

A global conflict that lasted from 1939 to 1945, involving most of the world's nations, marked by significant events, battles, and shifts in power.

Fordism

An industrial production model based on mass production and consumption, characterized by standardized products and assembly-line mechanisms.