Question

what do you understand by globalisation ?explain in your own words.​

Answer 1

Answer:

Globalisation means integrating the economy of a country with the economies of other countries under conditions of free flow of trade, capital and movement of persons across borders. It includes. (i) Increase in foreign trade. (ii) Export and import of techniques of production.

Answer 2

Growing interdependence of the world's economies, cultures, and populations, brought about by cross-border trade in goods and services, technology, and flows of investment, people, and information is known as globalisation.