BUSINESS ADMINISTRATION
BUSINESS ENVIRONMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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liberalisation
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globalisation
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privatization
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Detailed explanation-1: -Globalisation means integrating the Indian economy with the world economy.
Detailed explanation-2: -Economic “globalization” is a historical process, the result of human innovation and technological progress. It refers to the increasing integration of economies around the world, particularly through the movement of goods, services, and capital across borders.
Detailed explanation-3: -The main goals of globalisation are: Increase international trade between countries. Improve status of underdeveloped countries. Increase the cultural relations among countries.
Detailed explanation-4: -Globalisation of Indian Economy The aim was to promote business opportunities in this country, generate employment, and attract global investments. Globalisation of the Indian economy also witnessed an impact on its culture.
Detailed explanation-5: -Integration of national economies into a world economy is known as globalization.