Question

Which of the following nations or regions does not dominate the global marketplace?

Answer 1

Answer:

d. Western Europe

Explanation:

The global or global market is a system of economic, mercantile and financial relations between states linked by the international division of labor. With the concept of the international division of labor, the concept of international cooperation is intimately related, the basis of an efficient administration of the factors of production.

Answer 2

Answer:

Option C.

Explanation:

South Asia, is the right answer.

A global market is a term used to describe a market where labor, goods and services are exchanges throughout the world. The main idea of the global market is the standardization of goods and services so that the goods and services can easily mover from one nation to others. In this market, the United States, Japan and Western Europe are the dominant nations. The main reason why South Asia is not a part of the dominant nations is the very fact that most of the South Asian countries are regarded as the ''third world countries'' who are developing and are not developed nations.