Many observers claim that the world's economy will follow which of the following routes?

Question

Quizplus · Accepted Answer

Many experts argue that the world's economy has moved into a postindustrial period, in which knowledge-based industries are becoming more important than traditional manufacturing. This is due to advancements in technology and automation, as well as a shift towards service-oriented economies. While there may be fluctuations in consumer demand, it is unlikely that the world's economy will revert to preindustrial formations. There is also ongoing economic competition and inequality between countries, meaning that an ideological equilibrium has not been achieved.

Many Observers Claim That the World's Economy Will Follow Which