The World-Systems Theory Focuses on the Fact That Many Countries

question 60

True/False

The world-systems theory focuses on the fact that many countries are dependent upon the United States for basic supplies such as food and clothing, as well as financial support, whereas the United States exploits these countries for cheap labor.

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Definitions:

Shut Down

The temporary or permanent cessation of operations, often due to economic, financial, or market conditions, prompting a business to stop production or close.

Price

The amount of money required to purchase a good or service, often determined by factors such as supply and demand, production costs, and market competition.

Diagram

A simplified drawing showing the appearance, structure, or workings of something, often used for explanation purposes.

Economic Profit

The remaining profit once every cost, including those that are explicit and those that are implicit, is deducted from the total revenue.