Which of the following is not a dimension of Global economy?
Answer & explanation
Correct answer: option 4
The correct answer is option 4: Barter economy
The global economy is characterized by features such as:
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Liberalization – Removal of trade barriers to encourage free flow of goods and services.
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Transnational corporations (TNCs) – Companies that operate across multiple countries.
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Globalisation of finance – Free movement of capital and integration of financial markets worldwide.
In contrast, the barter economy is a pre-modern system of exchange where goods are traded without money. It is not a feature or dimension of the modern global economy, which is based on monetary transactions and market systems.