ENTREPRENEURSHIP

Detailed explanation-1: -Globalization is a term used to describe the increasing connectedness and interdependence of world cultures and economies.

Detailed explanation-2: -This global interdependence encompasses areas like finance, trade, communication, technology, movement of people, and exchange of ideas, with far-reaching implications for national development strategies and objectives.

Detailed explanation-3: -Socially, Globalization triggers much interaction among different countries and nations which promotes the relationship between countries. Also, between businesses, it creates a reason to support each other as the collapse of any business would affect all other businesses too.

Detailed explanation-4: -One by-product of economic interdependence is globalization. This is where each nation and their economies are dependent on other nations for products and goods. For example, the United States today depends on China to provide it with many goods.

Detailed explanation-5: -Economic globalization. Political globalization. Cultural globalization.