GENERAL KNOWLEDGE

GK

INDIAN ECONOMY

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Globalization was stimulated by
A
Money
B
Transportation
C
Population
D
Computers
Explanation: 

Detailed explanation-1: -The following factors have stimulated the globalisation process. 1. Improvement in transportation: In the last fifty years, there have been a lot of improvements in transportation technology. This has made faster delivery of goods across long distances possible, at lower costs.

Detailed explanation-2: -Transportation technology has stimulated the globalisation process in the following ways: Faster trains connecting every nook and corner of a country and faster planes that cover the distance within a few hours have enabled the faster delivery of goods.

Detailed explanation-3: -An efficient transport system offering cost, time, and reliability advantages enable goods to be transported over longer distances. This facilitates mass production through economies of scale because larger markets can be accessed.

There is 1 question to complete.