A Global Village Can Be Best Characterized as a Business

question 65

Multiple Choice

A global village can be best characterized as a business climate in which there are ________.

• A)rigid international boundaries
• B)no international boundaries
• C)rigid rules and standards
• D)no rules or standards

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Definitions:

Economic Liberals

Advocates for minimal government intervention in the economy, emphasizing free markets and individual entrepreneurship.

Political Liberalism

An ideology or political philosophy that emphasizes the importance of individual liberty, democracy, and the protection of civil rights.

Laissez-Faire

An economic philosophy advocating for minimal government intervention in the market and the economy, allowing businesses to operate with little to no government oversight.

Social Rights

Rights pertaining to the socioeconomic aspects of life, ensuring access to basic needs like education, health care, and livelihood.