What best describes the concept of economic interdependence?
a)Companies with too many available workers depend on foreign sources for necessary goods.
b)Companies in underdeveloped countries depend on developed countries for cheaper goods.
c)Companies in developed countries depend on underdeveloped countries for cheaper goods.
d)Companies with too few available workers have an overabundance of necessary goods.
I agree with C.
Thank you so much!! C was correct!:)
Yayyy!
You’re welcome!
It is not B, and it is not A.
So ... which do you think?
Is it C? I'm kind of leaning towards C. I am not sure tho, sorry.
The concept of economic interdependence refers to the interconnectedness and mutual reliance of different economies or countries on each other for goods, services, and resources. It recognizes that no economy can function in isolation and that there are various ways in which countries depend on each other economically.
Among the options provided, the answer that best describes the concept of economic interdependence is c) Companies in developed countries depend on underdeveloped countries for cheaper goods. This choice highlights how companies in developed nations often rely on underdeveloped countries for cost-effective production, as they can avail cheaper labor and resources. This interdependence creates a complex network of trade and economic relationships, benefiting companies in both developed and underdeveloped nations. However, it is worth noting that economic interdependence can occur in various forms and is not limited to this specific aspect.