Answer:
The given statement referring to the ideas of 'global village' and 'shrinking of time and space' is a TRUE statement.
Explanation:
The technological advancements that have happened in almost all the disciplines of life have introduced increased convenience in the lives of people around the world. The conventional methods of traveling and communication that used to consume huge amounts of time have got replaced by methods backed by new-age technology and applied engineering. Owing to the dramatic reduction in time that is now required to travel between any two locations on the planet, the world has begun to seem like a small village. Earlier, it was only possible to go from one place to another either by road or by waterways. But nowadays, the facilities of aviation and its affordability have made it easy for everyone to travel anywhere by air and that too by putting the least possible time at stake.
Communication has not only become faster but has become far more safe and secure. Also, the modern methods of communication dispense the facilities of sending and receiving multimedia messages which was not possible through conventional methods of communication. The technological leap forward in the discipline of communication has reduced the time taken for delivering a message and getting a response down to seconds, which in itself is a great trait offered by modern scientific innovations. Hence, it can be said that the shrinking of time and space owing to the upward evolution of technology has turned the world into a global village.
Answer: b/c fewer people may stay at hotels
Explanation:
i’m pretty sure this is the only logical reason
My name is Alexander Hamilton
My name is Alexander Hamilton
And there's a million things I haven't done
But just you wait, just you wait!
Answer: A - As a store of value, which facilitates the accumulation of wealth and value over time
Explanation: Money is defined as a medium of exchange and as a store of value. Money is anything that can be used as an exchange for goods and services. There are various functions of money and they are:
1. Medium of exchange - it can be used to settle all transactions for goods and services.
2. Measure of value - it can be used to measure the worth of goods and services.
3. Store of value -it can be stored now for the future. It is a way to store up wealth for the future.
A loosely defined as an economic activity that is not taxed or being regulated by the government is called the informal economy. An informal economy is a set of economic activities in which the state or the government does not regulate or protect this type of activities.
