Question

What do you mean by Globalization?

Hint:

Think of globalization as "the world becoming one large market and cultural space."

Answer 1

Step 1: Meaning.
Globalization means integration of local and national economies into the global economy through trade, investment, and communication.

Step 2: Features.
\begin{itemize} \item Free flow of goods and services across borders. \item Spread of technology and information. \item Cultural exchange and migration. \item Influence of multinational corporations and international organizations. \end{itemize}

Step 3: Indian context.
India embraced globalization in 1991 with economic reforms, opening up to foreign trade and investment.

Final Answer: \[ \boxed{\text{Globalization = worldwide interconnectedness in economy, culture, and technology}} \]