SSC MTS EXAM

SSC

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: -Faster train connections and increased supply and quality of transport services reduce the costs of personal mobility and freight transport. This makes trade in goods and services more profitable and communication and interaction between people easier.

Detailed explanation-3: -Solution: The dramatic improvement in transportation technology has played a vital role in globalisation, due to faster delivery of goods across long distances at lower costs and in the movement of people from one country to another in a short time.

Detailed explanation-4: -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.