Which of the following best defines globalization?
Globalization means the speedup of movements and exchanges (of human beings, goods, and services, capital, technologies or cultural practices) all over the planet. One of the effects of globalization is that it promotes and increases interactions between different regions and populations around the globe.
Which of the following describes globalization?
Globalization is the word used to describe the growing interdependence of the world’s economies, cultures, and populations, brought about by cross-border trade in goods and services, technology, and flows of investment, people, and information.
What does the elephant graph show?
The Elephant Curve, also known as the Lakner-Milanovic graph or the global growth incidence curve, is a graph that illustrates the unequal distribution of income growth for individuals belonging to different income groups.
What is basic and prime commodities?
“(8) ‘Prime Commodities’ are goods not considered as basic necessities but are essential to consumers in times of any of the cases provided under Section 7 of this Act such as, but not limited to, flour; dried, processed or canned pork, beef and poultry meat; dairy products not falling under basic necessities; onions.
What are essential goods Philippines?
6. Essential goods and services – covers health and social services to secure the safety and well-being of persons, such as but not limited to, food, water, medicine, medical devices, public utilities, energy, and others as may be determined by the IATF.
What is RA No 10962?
Declaration of Policies. — It is the policy of the State to protect the interests of the consumer, promote the general welfare and establish standards of conduct for business and industry.
What is price of the commodity?
The price of commodities is quoted in two different ways. The first is the market or the market futures price, which is the price reported in the news. The spot price, on the other hand, is the cash price of commodities. This is what traders actually for the commodity on the day of purchase.
What commodities are in high demand?
Most Actively Traded Commodities
- WTI Crude Oil.
- Brent Crude Oil.
- Natural Gas.
- Soybeans.
- Corn.
- Gold.
- Copper.
- Silver.
What is the most traded good in the world?
Below is a list of the most actively traded commodities taken from data compiled by the Futures Industry Association (FIA).
- WTI Crude Oil.
- Brent Crude Oil.
- Natural Gas.
- Soybeans.
- Corn.
- Gold.
- Copper.
- Silver.