contemporary world quiz#1

means belonging to the same time or period.

• CONTEMPORARY
• contemporary

• Option 1

The increasing interconnectednesss & interdependence of cultures &economies.

• GLOBALIZATION
• globalisation

globalisation differs from internationalisation, since the latter focuses on:

• business
• trade &industry

The following are the structures of globalisation. select all that apply.

• global economy
• market integration
• interstate system
• global governance
• global divides

Th e system according to which the money, industry & trade of a country or region are organized

• ECONOMY
• economy

An economic system in which the individuals own &operate the factors of operation:

• MARKET ECONOMY
• market economy

process of expansion of firms by consolidating additional marketing functions & activities under a single management

• MARKET INTEGRATION
• market integration

the joining of 2 or more companies to take over:

• acquisitio
• merging
• hostile take- over

Asstem of competing &allying states:

• INTERSTATE SYSTEM
• interstate system