Question

Which of the following contributes to globalisation?
a) internal trade(b) external trade(c) large scale trade(d) small scale trade​

Answer 1

Answer:

b. External trade.

Explanation:

a. Internal trade.

This option is incorrect because glaboalization means trading with other countries. Internal trade happens inside the country which does not help in globalizing.

b. External trade.

This option is correct because external trade takes place between different countries. As a result of drastically increased economic and cultural interchange, the world is more interconnected through the process of globalization. The production of goods and services has expanded as a result of globalization.

c. Large-scale trade.

This option is incorrect because the scale of trade usually does not affect globalization.

d. Small scale trade.

This option is incorrect because again, the scale of trade does not affect globalization.

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