Cost Is a Restraining Force Affecting Globalization

question 4

True/False

Cost is a restraining force affecting globalization.

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Definitions:

Meritocracy

A system where advancement and opportunities are based on individual ability or achievement, rather than on wealth or social class.

Master's Degrees

Advanced academic degrees granted by universities upon completion of a postgraduate or graduate course of study.

Trade School

An educational institution that focuses on teaching skills and knowledge relevant to a specific job or career.

Dominant Culture

The prevailing cultural practices, beliefs, and values that are accepted and upheld by the majority of society, often influencing social norms and laws.