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Ahat [919]
2 years ago
9

Complete the statement using the correct term. When something that is typically confined to a local area becomes worldwide, this

process is called .
Social Studies
1 answer:
WINSTONCH [101]2 years ago
6 0

When something that is typically confined to a local area becomes worldwide, this process is called :- <u>Globalization</u>

<u>Globalization\</u>

The word "globalization" is used to describe how commerce and technology have increased connectivity and interdependence around the world. The scope of globalization also includes the resulting changes in the economy and society.

The effects of globalization are changing how individuals, corporations, and governments interact. In particular, it alters the character of economic exchange between countries by fostering commerce, opening up global supply networks, and facilitating access to labor markets and natural resources.

<h3><u>What are 4 examples of globalization?</u></h3>
  • Cultural Globalization
  • Diplomatic Globalization
  • Economic Globalization
  • Automotive Industry Globalization

To know more about globalization, click the links

brainly.com/question/25499191

#SPJ4

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Answer:

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Common law is a set of laws established by judicial authorities based on past events. These are informal unwritten laws that courts are allowed to use if similar case arises. So decision can be taken based on precedent.

This is used if existing written laws are not enough to decide the fate of a case. It is at the discretion of the judge to interpret the precedent and apply in the current situation.

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Though such cartels are generally short-lived as each firm has the incentive to earn higher by not cooperating. The cartel will not be successful if there are other firms in the market which are not a member of the cartel.  

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