Explain the hallmark of the “global economy.” What will be an ideal r

QUESTION

Explain the hallmark of the “global economy.”

What will be an ideal response?

ANSWER

Answer: Interdependence is the hallmark of globalization, in which firms in different countries come to rely on each other for their production and other business services.
Explanation: The common economy, or globalization, is the term for the leveling of the competitive playing fields for industrial and emerging market economies.