ECONOMICS (CBSE/UGC NET)

Detailed explanation-1: -Global expansion is taking operations into a new, overseas market. Companies establish a legal presence in the new country through a foreign subsidiary or one of the agile methods that we will explain later in this article.

Detailed explanation-2: -Due to advances in transportation, communication, and technology, globalization allows people, businesses, and information to move and operate across national borders with relative ease.

Detailed explanation-3: -Expansion – refers to both the creation of new social networks and the multiplication of existing connections that cut across traditional political, economic, cultural and geographic boundaries. Intensification – refers to the expansion, stretching, and acceleration of these networks.

Detailed explanation-4: -Economic globalization. Political globalization. Cultural globalization.