Which of the following are characteristics of the "world economy"?
A) It is a multistate economic system.
B) It was created in the late 15th and early 16th centuries.
C) It includes a core of dominant countries.
D) It is based on capitalism.
E) all of the above

Question

Quizplus · Accepted Answer

All of the listed options are characteristics of the world economy. It is a multistate economic system that was created during the era of European colonialism in the late 15th and early 16th centuries. It includes a core of dominant countries, which are typically the most economically powerful and influential countries in the system. Additionally, the world economy is based on capitalism, which is characterized by private ownership of the means of production and a focus on profit-making.

Which of the Following Are Characteristics of the "World Economy