What do you understand by the term globalisation? Explain in your own words.....
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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.
(iii) Flow of capital and finance from one country to another
(iv) Migration of people from one country to another.
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Answer:
It means 'to spread something, usually an idea, act or service across the whole world to help change something there constructively or destructively'.
Explanation:
Please don't take this answer seriously...take it with a grain of salt (Don't beleive in it too much). I defined it in my own words!
Hope I helped you! :D
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