GENERAL KNOWLEDGE

Detailed explanation-1: -Globalisation is the process of rapid integration or interconnection between countries. It integrates the country with other economies of the world through trade, capital flow and technology.

Detailed explanation-2: -Globalization-the integration of people with world markets-is perhaps the most significant and pervasive economic development of the late 20th and early 21st Centuries. It is the subject of a small but growing body of empirical economic research at the national and multi-national levels.

Detailed explanation-3: -In simple terms, globalization is the process by which people and goods move easily across borders. Principally, it’s an economic concept – the integration of markets, trade and investments with few barriers to slow the flow of products and services between nations.