Economy, asked by hemantsagar397, 4 months ago

What is globalisation? Explain any two factors enabling it. (4) *

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Answered by sinika9
2

Answer:

Globalization, or globalisation, is the process of interaction and integration among people, companies, and governments worldwide. Globalization has accelerated since the 18th century due to advances in transportation and communication technology.

Factors enabling globalisation - definition

(i) Technology: Rapid improvement in technology has been one major factor that has stimulated the globalisation process. (ii) Trade barrier: Tax on imports is an example of trade barrier. It is called a barrier because some restriction has been setup

Answered by tanumule
2

Explanation:

Factors enabling globalisation - definition

  1. (i) Technology: Rapid improvement in technology has been one major factor that has stimulated the globalisation process
  2. . (ii) Trade barrier: Tax on imports is an example of trade barrier. It is called a barrier because some restriction has been setup.
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