A Major Benefit of Globalization Is Its Creation of Jobs

question 82

True/False

A major benefit of globalization is its creation of jobs and wealth.

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Definitions:

Resell

The act of selling a product or service that one has purchased to another buyer, often to achieve a profit or dispose of unwanted goods.

Central Processing Units

The primary component of a computer that performs most of the processing inside a computer to execute instructions from both hardware and software.

Systems Competition

A form of competition that occurs not just between individual products or services, but between entire systems or platforms.

Network Externalities

The effect that one user of a product or service has on the value of that product to other people, often positive, where the value increases as more people use it.