SSC MTS EXAM

SSC

INDIAN ECONOMY

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Process of integration of different countries is called
A
Liberalization
B
Privatization
C
Globalization
D
None of the above
Explanation: 

Detailed explanation-1: -Globalisation can be defined as the process of economic integration and interconnection of nations. It is not just limited to trade in goods and services, but also involves exchange of capital, labour, and technology among countries.

Detailed explanation-2: -In geography, globalization is defined as the set of processes (economic, social, cultural, technological, institutional) that contribute to the relationship between societies and individuals around the world. It is a progressive process by which exchanges and flows between different parts of the world are intensified.

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