W2 Quiz CW

           It is a historical process that has resulted from human effort and technological advancement. It refers to the growing globalization of economies, especially through the cross-border movement of goods, services, and resources. The concept is often used to describe the cross-border movement of workers (labor) and information (technology) (IMF, 2008)

It refers to the unequal distribution of wealth, power, prestige, resources, and influence among the world's nations.

Write T if the statement is correct and F if not.

Third World are nations belonging to the Soviet Union.

Write T if the statement is correct and F if not.

Developing – critics said that developed countries sounded “superior”

Write T if the statement is correct and F if not.

Developed – critics said that undeveloped nations are said to be “inferior”

Write T if the statement is correct and F if not.

A partnership is a business that can be owned and controlled by an individual or one person only.

A type of business firm that has formal arrangement by two parties to manage and operate a business and share its profits.

All of these are the global stratification except;

• First Typology

• Modern Typology

• Replacement Typology

• Replacement Typology

________, is a location where individuals and companies can sell and buy products. It may be virtual markets outside of a physical location where goods and services are purchased and sold.

 

A product made in the home but sold for money on a broader market. The best example of it is online selling.