The link between labor costs in China and the price of MP3 music players in the U.S.is an example of ________.

Question

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The link between labor costs in China and the price of MP3 music players in the U.S. is an example of globalization, as it shows how the cost of goods in one country can be affected by economic factors in another country. Localization would relate to adapting a product or service to a specific local market, while monetization relates to making money from a product or service. Nationalization refers to bringing a privately-owned industry under government control, while multiculturalism relates to accepting and embracing cultural diversity.

The Link Between Labor Costs in China and the Price