Question

 What is meant by the term globalisation? Explain in your own words.

Answer 1

$\huge \textbf{hello}$

$\underline \textbf{Globalisation}$


Globalisation means integrating the economy of a country with the economies of other countries under conditions of free flow of trade, capital, movement of persons and taking many things across borders. It includes,

(i) Increase in foreign trade

(ii) Export and import of techniques of production.

(iii) Flow of capital and finance from one country to another.

(iv) Migration of people from one country to another.




$\underline \textbf{Factors for globalisation :}$


→ Availability of human resources both quantitywise and qualitywise.

→ Broad resource and industrial base of major countries.

→ Growing entrepreneurship

→ Growing domestic market.



$\huge \textbf{thank \: u}$