One of the Most Significant Economic Developments in Recent Business

question 21

Multiple Choice

One of the most significant economic developments in recent business history relates to the ________.

• A)growth of blue-chip corporations
• B)development of Pacific Rim countries
• C)entrepreneurial spirit
• D)additional employment opportunities offered by government institutions

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Definitions:

Pack Journalism

The phenomenon where journalists and reporters from different publications collectively cover the same story, often leading to very similar perspectives or narratives.

Virtual Democracy

A form of democracy that utilizes digital technologies and the internet to facilitate participation in governance processes.

National Entertainment State

The concept that entertainment and media have become significant in shaping national culture, identity, and politics, with some governments actively engaging in or controlling it for propaganda or unity.

Concentration of Ownership

A situation where a small number of individuals or companies control a large share of the market or resources.