What are some challenges and benefits of living in a global society ?

Not all business practices are ethical, they also are unfair with their exchanges between smaller and larger economies.

Openness to trade brings many benefits to the supply side of the economy. These include: larger markets, greater specialization opportunities, and the increased ability to exploit economies of scale and scope; faster transmission of technology and innovation

manifest functions are the recognized and intended consequences of any social pattern, while latent functions are those unrecognized and unintended consequences. to analyze the manifest functions of any social institution, we have to study its contribution to the continuation of a group, community, or society.

would it be plagiarism to copy and paste off of here? ?