In Regional Economic Integration,industries That Require Mostly Unskilled Labor Tend

question 34

True/False

In regional economic integration,industries that require mostly unskilled labor tend to shift production to low-wage nations within a trading bloc.

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Definitions:

Trademark

A symbol, word, or words legally registered or established by use as representing a company or product.

Intermediaries

Individuals or organizations that act as middlemen in a transaction between two parties, facilitating interaction or negotiation between them.

Disintermediation

The removal of intermediaries from a supply chain or business process, often through direct transactions between producers and consumers facilitated by digital technologies.

Porter's Five Forces

A framework for analyzing the competitive forces within an industry, including competition, potential entrants, substitute products, bargaining power of suppliers, and bargaining power of customers.