Question

According to the textbook, globalization is being driven by the integration of the world economy, which is now dominated by weightless activity. This weightless economy is one in which products have their basis in:

A. the Internet.

B. service.

C. information.

D. consumption.

Answer 1

The weightless economy is centered on information-based products and services, driven by advancements in computing and telecommunications.

Step-by-step explanation:

According to the textbook, globalization is being driven by the integration of the world economy, which is now dominated by weightless activity. A weightless economy is one in which products have their basis primarily in information. This includes products and services such as computer software, financial advice, travel planning, and entertainment like music and movies, which can all be transported over telephones and computer networks at ever-lower costs. Such advancements in computing and telecommunications have made it easier to manage long-distance economic connections.