Question

6. Define the following terms:
(a) Globalization .....​

Answer 1

$\underline \bold{ \: Globalisation \: }$ is the interconnection between the countries through foreign trade and foreign investment by multinational companies ( MNCs )

$\underline \bold{ \large{Impact \: of \: globalisation \: \: \: }}$

$\to$Top companies raised their product standard due to competitions

$\to$Some large companies became MNCs

$\to$Through the globalisation employment is creating

$\to$More choice and cheap products are available through globalisation

$\to$Standard of living is improved

$\to$Through the globalisation transportation facilities improved

Answer 2

Globalization, or globalisation, is the process of interaction and integration among people, companies, and governments worldwide. Globalization has accelerated since the 18th century due to advances in transportation and communication technology.

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