Question

Explain the characteristics of globalization

Answer 1

Hello mate !!
Here is your answer

Following are the characteristics of globalisation :-

1) Globalisation is the process by which the world becomes a single market.

2) It may defined as the rapid integration and interconnection between countries through foreign trade and foreign investments but multinational corporations.

3) Producers from outside the country can produce and sell goods and services in India. We can also produce goods and services and sell them in other countries. The labourers can also move from one country to other country.

4) In this process, we become economically interdependent at international level.

5) We need fair globalisation which would create opportunities for all and ensure that the benefits of globalisation are shared better.


Hope this will help you :)

Answer 2

The characteristics of globalisation are to promote the creation of new markets, creates the ideal scenario for exchange in different areas of nation. Globalisation is the for global movement of the capital, people, information, technology, services, products and good. It also implies that the same political, social and economic system.
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