Question

34 Define globalisation. What are the factors responsible for globalization?
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Answer 1

Answer: globalization is economic interdependence of countries world wide

Explanation:

Answer 2

Answer:

Globalization is the process of integrating various economies of the world without creating any barriers in the free flow of goods and services, technology,capital and even labour or human capital.

Under globalization the international markets for the goods and services are integrated.

Explanation:

There are three stages of globalisation.They are:

(1) Archaic globalization

(2)Proto Globalization

(3)Modern Globalization

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