Question

interaction of domestic economy with the rest of the world economy is termed as​

Answer 1

Answer:

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Explanation:

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Answer 2

Globalisation is the interaction of domestic economy with the rest of the world economy.

Explanation:

• The aspects of globalization include economic integration which can be classified as free trade, customs union, worldwide interaction among people, companies, and government.  

• Due to the advances in the levels of transportation and communication, there has been a growth in international trade, and the exchange of ideas and culture has proven to be beneficial as it has lead to the transformation of ways of doing business.

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