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Patrisha Ivy Balagso
on Nov 22, 2024

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When the demand for smartphones increased in Preteresia, a country in Eastern Europe, the smartphone manufacturers started importing silicon, a raw material used in the manufacture of smartphones, from Abresia, a country in Africa. In return, Preteresia helped build Abresia's infrastructure to facilitate the efficient extraction of silicon. This scenario best illustrates _____.

A) monopolization
B) centralization
C) market segmentation
D) global convergence

Global Convergence

The spread of common preferences across national borders.

Infrastructure

Infrastructure refers to the fundamental physical and organizational structures and facilities required for the operation of a society or enterprise, such as roads, water supply, and power grids.

Silicon

A chemical element, often used as a semiconductor in electronics and solar cells, as well as in the production of silicone rubbers and lubricants.

  • Glean an understanding of globalization and its implications for market structures and production workflows.
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Madison MatsunamiNov 28, 2024
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