Which of the following terms refers to the coordination of markets?
A) differentiation
B) globalization
C) expropriation
D) integration

Question

Quizplus · Accepted Answer

Integration refers to the coordination of markets, where separate markets are combined into one larger market, leading to a more efficient allocation of resources and increased competition. Differentiation refers to creating a unique product or service that stands out from the competition, while globalization refers to the process of international integration and interdependence among countries. Expropriation refers to the government's seizure of private property for public use, often with compensation.

Which of the Following Terms Refers to the Coordination of Markets