Question

1. What do you understand by globalisation?
Explain in your own words,
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Answer 1

Answer:

Globalization means the speedup of movements and exchanges (of human beings, goods, and services, capital, technologies or cultural practices) all over the planet.

Answer 2

Globalisation means integrating the economy of a country with the economies of other countries under conditions of free flow of trade, capital and movement of persons across borders. It includes. (i) Increase in foreign trade. (ii) Export and import of techniques of production.