Question

What is Globalization ??

CLASS 10 ​

Answer 1

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♥ GLOBALIZATION

♪Set up production jointly with some of the local companies. Joint production provides money for additional investment and latest technology for production.

♪To buy up local companies and then expand production.

♪Place orders for production with small producers.

♪By setting up partnerships with local companies, by using the local companies for supplies, by closely competing with the local companies or buying them up, MNCs are exerting a strong influence on production at these distant locations. As a result, production in these widely dispersed locations is getting interlinked.

♥Foreign Trade and Integration of Markets

♪Exchange of goods – purchase and sale – across geographical boundaries of the countries.

♪Goods travel from one market to another.

♪Choice of goods in the market rises.

Answer 2

Answer:

Explanation:

globalisation is the process of interaction and integration among people, companies, and governments worldwide. ... Globalization has grown due to advances in transportation and communication technology. With the increased global interactions comes the growth of international trade, ideas, and culture.