Question

What are the factors affecting Globalization Explain points​

Answer 1

Globalization is basically an economic activity but influenced by many factors. Some of the influencing factors are: Economy, Resources and Markets, Political & Technologies. Economy: The value of COGS (cost of goods and services) to the end user determine the movement of goods and its value addition.

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Answer 2

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Factors affecting globalisation;

• Rapid improvement in transportation and communication technology.
• Liberalisation of trade restrictions and foreign investment