Question

integration of economy with world market​

Answer 1

Answer:

The integration of the country with the world economy is called globalization. Globalization can be defined as the growing interdependence of countries worldwide through increasing volume and variety of cross border transactions in goods and services and also through rapid diffusion of technology.

Step-by-step explanation:

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Answer 2

Economic integration can reduce the costs of trade, improve the availability of goods and services, and increase consumer purchasing power in member nations. Employment opportunities tend to improve because trade liberalization leads to market expansion, technology sharing, and cross-border investment.