Question

______ means integrating the domestic economy with the world economy.

Options

• Globalisation

• Privatisation

• Liberalisation

• Disinvestment

Answer 1

Globalisation means integrating the domestic economy with the world economy.

Explanation:

It involves interaction in production, trade, and financial transactions with other countries, including the movement of goods, services, capital, labour, and technology. This process creates economic interdependence, opens markets to foreign investment, and increases international competition and choice.