GK
INDIAN ECONOMY
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Liberalisation
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Investment
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Globalisation
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Interrelation
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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: -Globalization is the word used to describe the growing interdependence of the world’s economies, cultures, and populations, brought about by cross-border trade in goods and services, technology, and flows of investment, people, and information.