In Global Production,a Value Chain Can Span Two or More

question 71

True/False

In global production,a value chain can span two or more countries.

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Definitions:

Per Capita Income

The average income earned per person in a given area or country, calculated by dividing the total income of the area by its population.

Dual Economy

An economic model that suggests the coexistence of two separate sectors within one economy, traditionally a modern industrial sector alongside a traditional agricultural sector.

Stock of Capital

Represents the total value of all physical assets (machinery, buildings, equipment) that are used in the production of goods and services in an economy.

Birth Rate

The number of live births per 1,000 population in a given year.