Question:

Which one of the following statements best describes the meaning of ‘Globalization’?

Updated On: Dec 14, 2024
  • Removal of tax barriers on trade
  • Providing higher standard of living
  • Process of rapid integration between countries
  • Taking special steps to attract foreign companies
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The Correct Option is C

Solution and Explanation

Globalization refers to the interconnectedness of countries through trade, investment, technology, and cultural exchange, enabling rapid integration of global economies.

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