Figure 1.2 Using the Figure Above, Identify the Labeled Part

question 165

Short Answer

Figure 1.2

Using the figure above, identify the labeled part.
-Label K: ______________________________

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Definitions:

Market Forces

The economic factors affecting the price, demand, and supply of goods and services in a free market.

Modernization

The process of economic change, whereby developing societies acquire some of the social and political characteristics of Western industrial societies; five subprocesses are involved: technological development, agricultural development, urbanization, industrialization, and telecommunication.

Western Development

The expansion and advancement of countries in the Western hemisphere, typically through industrialization, urbanization, and economic growth.

Pluralistic Societies

Societies characterized by a diversity of religious, cultural, ethnic, and racial groups who coexist and interact within a single larger socio-political framework.