Distinguish Between the Primary and Support Activities of a Value

question 63

Essay

Distinguish between the primary and support activities of a value chain.

Explain the phenomena of deindustrialization and its socio-economic impacts.

Discuss the concept of offshoring and its implications for domestic and global labor markets.

Recognize the effects of economic and labor market changes on families and their living standards.

Understand the role of the economy as a social institution and its influence on societal wealth distribution.

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Definitions:

Web Crawlers

Web crawlers, also known as spiders or bots, are automated scripts that navigate the internet to index web pages for search engines by following links across the web.

User Generated Content

Refers to content created and shared by unpaid contributors or fans, typically on social media or other online platforms.

Citizen Advertising

Advertising content created by non-professional contributors or consumers, often shared in online platforms.

Virtual Reality (VR)

A simulated experience created with computer technology that can immerse a user in a digital environment, making it appear as if they are in a different world.