Question

Which of the following characterizes emerging economies?
A) Industrialization typically creates a new rich class and a growing middle class, both demanding new types of imported goods.
B) They trade goods among themselves and also export them to other types of economies for raw materials and semifinished goods.
C) Most African countries fall into this category.
D) They consume most of their output and barter the rest for simple goods and services.
E) These countries are the best markets for large equipment, tools and supplies, and trucks.

Answer 1

Industrialization often creates a new wealthy class and a growing middle class, both of which require new types of imports that characterize emerging economies.

An emerging market economy is an economy in the process of transitioning to a developed economy. Emerging market economies are typically characterized by a unified monetary, stock market, and banking system; they are industrializing. Emerging market economies can offer higher returns to investors due to their rapid growth rates.

An emerging market economy refers to a country that is developing its economy to become more advanced. It generates low to moderate income per capita and is growing rapidly due to high levels of production and extensive industrialization.

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