Question

The growing integration of the world economy is:
A.increasing the intensity of competition in a wide range of manufacturing and service industries.
B. decreasing the intensity of competition in manufacturing industries, and increasing the intensity of competition in services.
C. increasing the intensity of competition in manufacturing industries, and decreasing the intensity of competition in services.
D. narrowing the scope of competition in a wide range of service, commodity, and manufacturing industries.

Answer 1

Answer:

The correct answer to the following will be Option A.

Explanation:

They describe economic growth in an economy by an ongoing change in its future economic activity growth curve being dictated by an increase in domestic product nation's total demand.

Six factors are influencing economic growth, such as:

• Natural resources.
• Human, or technology capital.
• Labor or population.
• The Capital of Person.
• Technology.
• Law.

Therefore, the increasing integration of the global economy in a wide variety of production and manufacturing sectors is rising the frequency of competitiveness.