answersLogoWhite

0

The growth of the service industry has been one of the results in the West of increased global economic competition. A car mechanic and a waitress are two examples of service industry jobs.

User Avatar

Wiki User

10y ago

What else can I help you with?

Continue Learning about Economics

What are effects that had a positive effect on capitalism?

Several factors have positively influenced capitalism, including technological advancements that boost productivity and innovation, leading to economic growth. The expansion of global trade has also opened new markets, increasing competition and efficiency. Additionally, the rise of digital platforms has enhanced access to goods and services, fostering entrepreneurship and consumer choice. Finally, deregulation in various sectors has often encouraged investment and economic dynamism.


How does food preservation can effect the global economic?

i dont kno... maybe u should ask obama :D he is awesome!


How did the NAFTA and other regional trading blocs affect the global economy?

NAFTA and other regional trading blocs have significantly influenced the global economy by promoting trade liberalization, reducing tariffs, and facilitating economic integration among member countries. These agreements have encouraged foreign direct investment and enhanced competition, leading to economic growth in participating nations. However, they have also sparked debates about job displacement and income inequality, as industries adjust to increased competition. Overall, such regional agreements have reshaped global trade patterns and highlighted the importance of economic cooperation among countries.


What is one of the downsides of increasing economic interdependence?

Economic interdependence can cause chain reaction such as the situation we are in right now. America's economy crashed due to the housing bubble and the other economys of the world crashed with America's.


What is the effect of economic dualism on a country?

Dual economies are common in less developed countries, where one sector is geared to local needs and another to the global export market.

Related Questions

Which was not an economic effect of colonization?

Which of the following was not an economic effect of colonization? Global economic development


What is the greenhouse effect called?

the green house effect called global warming,and the global warming is increasing day-by-day.


What has the author Oliver Budzinski written?

Oliver Budzinski has written: 'The governance of global competition' -- subject(s): Antitrust law, Competition, International, Economic aspects, Economic aspects of Antitrust law, International Competition, International economic relations


Which of the fallowing is an effect of the stock market crash?

global economic problems


What is the effect called?

the green house effect called global warming,and the global warming is increasing day-by-day.


How does global economics affect the spending habit and budgeting practices?

Global economics have an effect on currency value and on inflation within certain countries. Global competition can affect local prices. These factors can effect budgeting practices.


What best describes the economic global trend?

Electronic devices is currently the economic global trend, and will continue like that for the coming years.


Is global warming and global competition the same?

Global warming is the gradual change in climate as more and more greenhouse gases build up a layer in the atmosphere that stops the earth's heat escaping out to space. Global competition is the urge on the part of countries to be better than their neighbors.


How does Ozone depletion affect global warming?

Ozone depletion causes plankton to die. These avoid global warming thus increasing its effect.


What gases cause global warming and how?

Greenhouse gases (carbon dioxide and methane, mostly) cause global warming by increasing their levels in the atmosphere. This turns the benign greenhouse effect into an accelerated greenhouse effect which is causing global warming.


What are effects that had a positive effect on capitalism?

Several factors have positively influenced capitalism, including technological advancements that boost productivity and innovation, leading to economic growth. The expansion of global trade has also opened new markets, increasing competition and efficiency. Additionally, the rise of digital platforms has enhanced access to goods and services, fostering entrepreneurship and consumer choice. Finally, deregulation in various sectors has often encouraged investment and economic dynamism.


How do the global competition impacts Tiffany's organization?

are global competition impacting Tiffany & Company