Question

What is Globalization in economics class 10?
What are the factors affecting Globalization Class 10?
Gimmie the ans ASAP test is there tdy evening. pls help....
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Answer 1

Answer:

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⇒Globalisation is defined as the integration between countries through foreign trade and foreign investments by multinational corporations (MNCs).

Globalisation is a process in which people of the world are linked together to each other through internet and other advanced means of communication. It means the integration of the economy of the country with the world economy. It aims to encourage foreign trade, private and institutional foreign investment.

⇒Rapid improvement in transportation and communication technology and the liberalisation of trade restrictions and foreign investment have been the major factors that has enabled the globalisation process.

• Containerisation. The costs of ocean shipping have come down, due to containerisation, bulk shipping, and other efficiencies.
• Technological change.
• Economies of scale.
• Differences in tax systems.
• Less protectionism.
• Growth Strategies of Transnational and Multinational Companies.

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Answer 2

Answer:

s...bro we will rock next year......