Financialization refers to:
A) the increased focus of corporations on deriving profits through financial transactions rather than through the delivery of goods and services.
B) the increased focus of unions on deriving revenues through increasing membership and union dues.
C) the declining importance of financial markets in determining labor relations outcomes.
D) the increased tendency of management to evaluate labor relations based upon financial outcomes, rather than a humanistic outcomes.

Question

Quizplus · Accepted Answer

Financialization refers to the increased importance of financial activities and transactions in the economy and society, and the shift towards deriving profits and value through financial means rather than through the production and delivery of goods and services. This has been driven by various factors such as deregulation, globalization, technological change, and changing corporate governance models. The increased focus on financial activities has been associated with various economic and social effects, including rising inequality, financial instability, and a decline in the role of productive activities in the economy.

Financialization Refers To