GK
INDIAN ECONOMY
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Improvement in technology
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Competition among producers
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Creation of new job opportunities
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Availability of international market
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All of these
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Detailed explanation-1: -Globalisation helps in pooling all the resources together. Globalisation helps in the development of underdeveloped countries. Globalisation encourages free trade among nations. Globalisation creates more employment opportunities.
Detailed explanation-2: -Globalization can be defined as the interdependence of world economies. It’s brought about by the cross-border trade of goods and services, technology, and flow of investment, people, and information. In business, globalization provides access to capital, labor, and resources.
Detailed explanation-3: -Economic Growth. It’s widely believed that increased globalization leads to greater economic growth for all parties. Increased Global Cooperation. For a globalized economy to exist, nations must be willing to put their differences aside and work together. Increased Cross-Border Investment. 01-Apr-2021
Detailed explanation-4: -Increased Flow of Capital. Better Products at Lower Prices. Collaboration and Shared Resources. Cross-Cultural Exchange. Spread of Knowledge and Technology. Quick Technological Advances. Increased Household Income. Increased Open-Mindedness and Tolerance. 06-Feb-2020