mention three factors responsible for globalisation?
Answers
2.growth of technology
3,. development in telecommunication and transportation.
Growth of MNc
MNC's play an essential role in the globalization process. They battle with the local farmers directly even after staying miles apart, thus combining the markets. Their performance leads to an interchange of investments and commodities which leads to the interconnection between various nations.
Growth of technology
Technological progress is the overall manner of the discovery, modification, and distribution of technology or methods. The constant development of technologies in which they often shift is less costly, and the distribution of technologies completely in industry or society which sometimes includes separation and concentration.
Development in transport and communication
Development of means of transport and communication is supposed to be the course of modern civilization and is a key to the financial expansion of a country. Transport and communication contribute a vital link within the areas of composition, the traders in connecting generators and customers and the market.