One Effect of the Spread of Industrialization Has Been

question 35

Multiple Choice

One effect of the spread of industrialization has been

• A) a decrease in global power.
• B) the destruction of indigenous economies, ecologies, and populations.
• C) the incorporation of indigenous communities into industrial projects.
• D) an increased awareness among industrialists and states of the need for environmental protection.
• E) an increase in the equitable distribution of wealth.

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Definitions:

Single-Price Monopolist

A monopolistic firm that offers its product or service at a single price to all its consumers, without price discrimination.

Price Discrimination

A pricing strategy where similar goods or services are sold at different prices to different groups of people.

Ethnic Group

A community or population made up of people who share a common cultural background, ancestry, or social experience.

Potential Competitors

Firms that are not currently in a market but have the capacity to enter if they choose.