Economic system in which highly complex division of labour is present is the feature of (3) modern societies () simple societies (c) globalization (4) rural economy?

Explore Courses UPSC Exam UPSC Test Series Free Notes EduRev Infinity

Open App

Humanities/Arts Exam > Humanities/Arts Questions > Economic system in which highly complex divis...

Join the Discussion on the App

Economic system in which highly complex division of labour is present is the feature of (3) modern societies () simple societies (c) globalization (4) rural economy?

Join for Free

Join for Free

View all answers Start learning for free

Explore Courses for Humanities/Arts exam

Similar Humanities/Arts Doubts

The economic system in which highly complex division of labour is present is the feature of

View answer

Read the passage given below and answer the questions that follows:While everything may not be known about the economic facets of globalisation, this particular dimension shapes a large part of the content and direction of contemporary debates surrounding globalisation. A part of the problem has to do with defining economic globalisation itself. The mention of economic globalisation draws our attention immediately to the role of international institutions like the IMF and the WTO and the role they play in determining economic policies across the world. Yet, globalisation must not be viewed in such narrow terms. Economic globalisation involves many actors other than these international institutions. A much broader way of understanding of economic globalisation requires us to look at the distribution of economic gains, i.e. who gets the most from globalisation and who gets less, indeed who loses from it. What is often called economic globalisation usually involves greater economic flows among different countries of the world. Some of this is voluntary and some forced by international institutions and powerful countries. As we saw in the examples at the beginning of this chapter, this flow or exchange can take various forms: commodities, capital, people and ideas. Globalisation has involved greater trade in commodities across the globe; the restrictions imposed by different countries on allowing the imports of other countries have been reduced. Similarly, the restrictions on movement of capital across countries have also been reduced. In operational terms, it means that investors in the rich countries can invest their money in countries other than their own, including developing countries, where they might get better returns.Q. Where does economic globalisation draw our attention to?

View answer

Which of the following statements are true about globalization ?A. It led to an interconnected world despite of national political boundaries.B. Globalisation led to cultural homogenisation (Global cultur e)C. It has far reaching impacts in Social, Economic and Political spheres.D. It is primarily seen as an economic phenomenon.E. Globalisation has led to the growth of non state actors.Choose the correct answer from the options given below

View answer

Read the passage given below and answer the questions that follows:The most visible impacts of globalization are definitely the ones affecting the economic world. Globalization has led to a sharp increase in trade and economic exchanges, but also to a multiplication of financial exchanges.In the 1970s world economies opened up and the development of free trade policies accelerated the globalization phenomenon. Between 1950 and 2010, world exports increased 33-fold. This significantly contributed to increasing the interactions between different regions of the world.This acceleration of economic exchanges has led to strong global economic growth. It fostered as well a rapid global industrial development that allowed the rapid development of many of the technologies and commodities we have available nowadays.Knowledge became easily shared and international cooperation among the brightest minds speeded things up. According to some analysts, globalization has also contributed to improving global economic conditions, creating much economic wealth.At the same time, finance also became globalized. From the 1980s, driven by neo- liberal policies, the world of finance gradually opened. Many states, particularly the US under Ronald Reagan and the UK under Margaret Thatcher introduced the famous “3D Policy”: Disintermediation, Decommissioning, and Deregulation.Q. After the 1980s, which policy was introduced by US and UK?

View answer

Read the passage given below and answer the questions that follows:The most visible impacts of globalization are definitely the ones affecting the economic world. Globalization has led to a sharp increase in trade and economic exchanges, but also to a multiplication of financial exchanges.In the 1970s world economies opened up and the development of free trade policies accelerated the globalization phenomenon. Between 1950 and 2010, world exports increased 33-fold. This significantly contributed to increasing the interactions between different regions of the world.This acceleration of economic exchanges has led to strong global economic growth. It fostered as well a rapid global industrial development that allowed the rapid development of many of the technologies and commodities we have available nowadays.Knowledge became easily shared and international cooperation among the brightest minds speeded things up. According to some analysts, globalization has also contributed to improving global economic conditions, creating much economic wealth.At the same time, finance also became globalized. From the 1980s, driven by neo- liberal policies, the world of finance gradually opened. Many states, particularly the US under Ronald Reagan and the UK under Margaret Thatcher introduced the famous “3D Policy”: Disintermediation, Decommissioning, and Deregulation.Q. In between which years the world’s export has increased 33-fold?

View answer

Top Courses for Humanities/ArtsView all

NCERT Books & Solutions for Humanities

Online MCQ Tests for Humanities

Short & Long Question Answers for Humanities

Top Courses for Humanities/Arts

View all

Economic system in which highly complex division of labour is present is the feature of (3) modern societies () simple societies (c) globalization (4) rural economy?

Share with a Friend

Answer this doubt

Question Description
Economic system in which highly complex division of labour is present is the feature of (3) modern societies () simple societies (c) globalization (4) rural economy? for Humanities/Arts 2024 is part of Humanities/Arts preparation. The Question and answers have been prepared according to the Humanities/Arts exam syllabus. Information about Economic system in which highly complex division of labour is present is the feature of (3) modern societies () simple societies (c) globalization (4) rural economy? covers all topics & solutions for Humanities/Arts 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Economic system in which highly complex division of labour is present is the feature of (3) modern societies () simple societies (c) globalization (4) rural economy?.

Solutions for Economic system in which highly complex division of labour is present is the feature of (3) modern societies () simple societies (c) globalization (4) rural economy? in English & in Hindi are available as part of our courses for Humanities/Arts. Download more important topics, notes, lectures and mock test series for Humanities/Arts Exam by signing up for free.

Here you can find the meaning of Economic system in which highly complex division of labour is present is the feature of (3) modern societies () simple societies (c) globalization (4) rural economy? defined & explained in the simplest way possible. Besides giving the explanation of Economic system in which highly complex division of labour is present is the feature of (3) modern societies () simple societies (c) globalization (4) rural economy?, a detailed solution for Economic system in which highly complex division of labour is present is the feature of (3) modern societies () simple societies (c) globalization (4) rural economy? has been provided alongside types of Economic system in which highly complex division of labour is present is the feature of (3) modern societies () simple societies (c) globalization (4) rural economy? theory, EduRev gives you an ample number of questions to practice Economic system in which highly complex division of labour is present is the feature of (3) modern societies () simple societies (c) globalization (4) rural economy? tests, examples and also practice Humanities/Arts tests.

Explore Courses for Humanities/Arts exam