Select a statement which can be attributed as an economic characteristic of a globalized world.
Answer & explanation
Correct answer: option 1
A statement that can be attributed as an economic characteristic of a globalized world is: Shift from manufacturing economy to Knowledge economy.
Globalization often involves a transition from traditional manufacturing-based economies to economies that place greater emphasis on knowledge, technology, and information. This shift reflects the changing nature of economic activities in a globalized context.