Question

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

Answer 1

Answer:

Globalization is the word used to describe the growing interdependence of the world's economies, cultures, and populations, brought about by cross-border trade in goods and services, technology, and flows of investment, people, and information.

Explanation:

I hope it helps u dear friend ^_^♡♡

Answer 2

Answer:

Globalisation means integrating the Indian economy with the world economy. It is the outcome of the policies of liberalisation and privatisation. ... It is an outcome of various policies that aim to transform the world towards greater interdependence and integration.