When looking at the definition of the 'international division of labor,' which term best relates to it?
Question
When looking at the definition of the 'international division of labor,' which term best relates to it?
Solution
The term that best relates to the 'international division of labor' is 'Globalization'. This is because the international division of labor is a concept that refers to the fact that the process of production is no longer confined to national economies but spans across different countries globally. This has been made possible due to globalization, which refers to the integration and interaction among people, companies, and governments worldwide. Therefore, globalization is the term that best relates to the international division of labor.
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