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A kind of trade where the nations eliminate all kinds of berrier in the way of flow of goods and services and factor of production

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12y ago

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How are individuals cultures and nations interdependent?

what happens when different cultures are interdependent?


Why is it important to know that a market economy is characterized by interdependence?

When the government starts messing with one economic variable, it affects all others. Inflation, growth, unemployment, national debt, exchange rate- they are all interdependent.


What economy does North America have?

North America has a diverse and highly developed economy, characterized by a mix of advanced industries, services, and agriculture. The United States and Canada are the largest economies in the region, with the U.S. being the world's largest economy driven by technology, finance, and consumer goods. Mexico has a growing economy, heavily linked to manufacturing and trade, particularly through agreements like the USMCA. Overall, North America's economy is integrated and interdependent, with significant trade relationships among its countries.


What is the development of a worldwide culture with an interdependent economy?

The development of a worldwide culture with an interdependent economy refers to the increasing interconnectedness of nations through globalization, where cultural exchanges and economic relationships transcend borders. This phenomenon is characterized by the spread of ideas, values, and consumer habits, leading to shared cultural practices and norms. Simultaneously, economies become interlinked through trade, investment, and technology, creating a global marketplace that fosters cooperation and competition. As a result, local cultures may adapt or blend with global influences, shaping a more integrated world society.


What is the development of a world culture and interdependent economy called?

A one world government. Which is to say, we all live in the same world. There are not "two" worlds ( lost paradise and a paradise to come...only one world). See Omar Kayim, poet.