Multiple Choice
Which of the following best describes a free market economy?
131
views
0. Basic Principles of Economics
Introduction to Economics
Multiple Choice
Which term best describes the movement of people from rural areas to cities?
A
Industrialization
B
Privatization
C
Globalization
D
Urbanization
Verified step by step guidance1
Step 1: Understand the key terms provided in the problem. Industrialization refers to the process of developing industries in a country or region on a wide scale.
Step 2: Privatization means transferring ownership of a business, enterprise, agency, or public service from the public sector (government) to the private sector (businesses or private individuals).
Step 3: Globalization is the process by which businesses or other organizations develop international influence or start operating on an international scale.
Step 4: Urbanization specifically refers to the movement of people from rural areas (countryside) to urban areas (cities), leading to the growth of cities.
Step 5: Since the question asks for the term that best describes the movement of people from rural areas to cities, identify that this movement is called Urbanization.
Related Videos
Related Practice
