GK
INDIAN ECONOMY
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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The term Globalization means integration of domestic economy with rest of the world through:
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trade
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capital
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technology flows
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None of the above
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Explanation:
Detailed explanation-1: -The term “globalization” means integration of economies and societies through cross country flows of information, ideas, technologies, goods, services, capital, finance and people. Globalization has containing both opportunities and threats for national development. Was this answer helpful?
Detailed explanation-2: -Economic globalization refers to the increasing interdependence of world economies as a result of the growing scale of cross-border trade of commodities and services, flow of international capital and wide and rapid spread of technologies.
Detailed explanation-3: -Globalization: It means integrating the economy of one country with the global economy.
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