The concept of global commodity chains attempts to describe what characteristic of the global economy?

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24-08-2022
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The concept of global commodity chains attempts to describe what characteristic of the global economy?

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QWCobalt QWCobalt · Answer 1 · 2022-09-02T05:40:26+02:00

The concept of global commodity chains attempts to describe the increasing globalization in manufacturing characteristics of the global economy.

The Global Economy refers to the totality of systems that deal in the production and distribution of goods and wealth for the entire population of the planet. It refers to the interconnected worldwide economic activities occurring between multiple countries.

Globalization is the of the most important characteristic of the global economy. It refers to the process by which systems like national and regional economies, societies, and cultures integrate across borders. This has led to domestic economies becoming cohesive and improved. The other characteristics of the global economy include International Trade, International Finance, Global investment, and so on.

Learn more about globalization: https://brainly.in/question/15972277

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