Question

The rate of change in retailing around the world appears to be directly related to the

a) literacy rate.
b) rate of inflation.
c) population growth.
d) speed of economic development.
e) currency exchange rate.

Answer 1

The rate of change in retailing around the world appears to be directly related to the speed of economic development.

Step-by-step explanation:

The rate of change in retailing around the world appears to be directly related to the speed of economic development. As countries experience economic growth and development, there is increased consumer spending power, leading to a rise in retail demand and the expansion of the retail sector. For example, emerging economies like China and India have witnessed a rapid growth in retail due to their strong economic development.