Question

Globalization is the expansion and extension of economic activities across political boundaries of a country. (State with reason whether the given statement is true or false)

Answer 1

The above statement is correct.

Globalization is the expansion and extension of economic activities across political boundaries of a country.

Globalization tries to create a world without any boundaries or limits. Globalization tries to bring together people all across the world.

Due to globalization, the business sector is able to bridge the gaps, work and compete from any part of the world.

They are able to open their new units in different countries, export raw materials and man force from other countries.

The import and export business is also possible due to globalization.