Social Sciences, asked by gnengnongnengnong107, 5 months ago

factors promoting globalisation and its impact​

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Answered by VartikaCutie
0

Answer:

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Answered by preethi123431
0

Explanation:

Factors promoting globalisation and its impact

The important factors are:

(1) Historical:

The trade routes were made over the years so that goods from one kingdom or country moved to another. The well known silk-route from east to west is an example of historical factor.

(2) Economy:

The cost of goods and values to the end user determine the movement of goods and value addition. The overall economics of a particular industry or trade is an important factor in globalisation.

(3) Resources and Markets:

The natural resources like minerals, coal, oil, gas, human resources, water, etc. make an important contribution in globalisation.

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