__________ is used to describe the interdependence among elements of the global economy.

Question

Quizplus · Accepted Answer

Globalization refers to the interconnectedness and interdependence of economies across the world, where businesses, governments, and individuals interact across borders. It involves the flow of goods, services, capital, technology, and people across national borders, leading to the integration of national economies into a global economy. Nationalization refers to the process by which a government takes control of a private enterprise, while industrialism refers to a socioeconomic system based on industrial production. Internationalism refers to cooperation and solidarity among nations, especially in the context of promoting peace and prosperity. While all of these concepts are related to the global economy, only globalization specifically describes the interdependence among its elements.

__________ Is Used to Describe the Interdependence Among Elements of the Global