Economy, asked by coolboyy1, 10 months ago

What is globalization

Answers

Answered by Anonymous
6

Explanation:

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Question:-

What is globalization

Answer:-

Globalization is a term used to describe how trade and technology have made the world into a more connected and interdependent place. Globalization also captures in its scope the economic and social changes that have come about as a result.

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Answered by RainCloud
3

Answer:

Answer:

Globalization could be a new word recently talked about, though it has roots from past. People used to trade, and export products for more benefit in the past.

In today's time, technology has empowered this economic concept to spread all over the globe. Big companies setup their manufacturing or servicing across the globe and get benefited with new market and cheap labor.

This economic concept has brought changes in our social, cultural, political, and legal aspects too. Internet has played a greater role to expand this idea and has provided platform to exchange the ideas, products and services to the remotest area of the world.

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