how do we feel the impact of globalization on our daily life? explain with example.
Answers
Globalization in a broad sense is the process or processes that increase the movement of people, culture, technology, ideologies and information across the world.
From the songs we hear on the radio to some of the most popular movies and novels out there, fashion, technology, emigration from one country to another—all have to do with globalization and the spread of influences throughout the world.
This is just one definition of globalization. There are plenty of different ways to define the term, but I’ll work with this one.
#HOPE IT HELPS
Globalization is the process when rules and ordinances promote greater unencumbered business among nations, Firms also have entrance to a greater pattern of commodities and assistance that they necessitate running their special operations. The impact of globalization on our daily life is;
(i) It drives to a contraction or removing of allowances and taxes and more commodities are available at affordable prices. It encourages modernization and productivity in organizations as they endeavor to offer commodities and assistance that customers and businesses require, at the best price, and when they require them.
(ii) It drives to new possibilities for funding and more organizations have entrance to a wider base of global commercial markets and resources.
(iii) Customers and corporations have more opportunity for assets, and they can also obtain commodities from other nations.