What do you understand by globalization? Explain in your own words.



Q.1:- What do you understand by globalization? Explain in your own words.

 

Answer:-

The integration of domestic economy with the world economy is known as globalization. Goods and services are produced and marketed throughout the world in the process of globalization. It involves the rapid integration of countries. Companies set up their branches in more than one country. These are called Multi National Corporations (MNCs). More and more goods and services, investments and technology move between countries. In globalization, countries can also be connected through the movement of people, who work in countries other than their own.



TutionTeacher: Know free answers of your school textbook. You can find the correct answer of your School textbook question here. This education portal will help in getting the NCERT solutions for your exams. Here you will get the complete question answer and solution of your textbook for your better education. Your can also ask for online study and assignment help from menu. Online test series will also help you how to learn and achive better marks in your school or collage.