In General, We Currently Classify Nations into Three Categories, Depending

question 46

Multiple Choice

In general, we currently classify nations into three categories, depending on the level of economic advancement. These are:

• A) advanced, emerging, and developing.
• B) high-achievers, low-achievers, and infant industry nations.
• C) First World, Second World, Third World.
• D) fully integrated, moderately integrated, and closed.

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Definitions:

Global Expansion

The strategic growth of a company beyond its home country, entering new markets to increase market share, diversify, and achieve economies of scale.

Growth Strategy

A strategy that involves expansion of the organization’s current operations.

Attractive Industry

A sector of the economy that is appealing to investors and companies due to its potential for high profitability, growth, and stable demand.

Competitors

Businesses or individuals that offer similar products or services and compete for the same market share or audience.