What is globalization? Explain three forms of exchange rates
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Interconnection between country's economy with world's economy is called globalisation
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globalisation means the integration of domestic economy with the rest of the world through trade, capital and technology flows. MNCs are playing a very important role in the process of globalisation.there are four main components or levels of globalisation
- free flow of goods and services among different countries.it implies that the foreign companies can freely sell their goods and services in India and Indian companies can sell their goods and services in foreign countries
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