InterviewSolution
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InterviewSolution
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State whether the following statement are true or false with reason :Economic interdependence is one of the main features of industrial societies. |
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Answer» This statement is False. 1. Economic interdependence is one of the main features of modern societies. In modern societies the world economy operates through the exchange of capital, labour, raw material and technology. 2. It is dependent on an immense number of workers – stretching all across the world – for the goods and services. 3. Industrial production was centralized. Workers were stationed at fixed positions. Globalized economy work is decentralized hence interdependent. |
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