While Globalization, Decentralization and the Need for Greater Flexibility Are

question 63

True/False

While globalization, decentralization and the need for greater flexibility are important pressures in U.S. industrial relations, they are relatively unimportant issues for most other industrialized countries.

---

Definitions:

Substitutes

Goods or services that can replace each other in use, affecting demand when their prices or other attributes change.

Demand

The quantity of a product or service consumers are willing and able to purchase at various prices.

Tax Revenue

The income that is gained by governments through taxation.

Government

A system or group of people governing an organized community, often a state.