alleryBecause national economies are becoming borderless, the world is described as a:
AClosed market
BPrivate estate
CSilent island
DGlobal village
Answer & Solution
Correct answer: D. Global village
1. Distance and differences matter less now.
2. Economies integrate into the world economy.
3. So the world is called a global village.
_Source: syllabus Business Studies, Chapter 11, International Business._
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