Asked by
Anishka Reddy
on Nov 24, 2024Verified
Which of the following attributes accurately describes the new economy?
A) The new economy is a global economy.
B) The new economy is knowledge-driven.
C) Only alternatives A and C describe attributes of the new economy.
D) The new economy is performance-driven.
E) All of these are attributes of the new economy.
Global Economy
The interconnectedness of national economies around the world, facilitating international trade, investment, and economic policy-making.
Knowledge-driven
Knowledge-driven pertains to actions, processes, or decisions that are primarily influenced by data, information, and insights to improve efficiency and outcomes.
- Acknowledge the paramount importance and effects of technological advancements in today's economy.
- Recognize the characteristics of high-performing companies and their impact on competition and economy.
Verified Answer
SB
Learning Objectives
- Acknowledge the paramount importance and effects of technological advancements in today's economy.
- Recognize the characteristics of high-performing companies and their impact on competition and economy.