Question

Assertion: Globalisation implies treating the entire world as one market.

Reason: Globalisation involves cross-border movement of goods, services, capital, technology, information, and people.

Options

• Both Assertion and Reason are true, and Reason is the correct explanation for Assertion.

• Both Assertion and Reason are true, but Reason is not the correct explanation for Assertion.

• Assertion is true, and Reason is false.

• Both Assertion and Reason are false.

Answer 1

Both Assertion and Reason are true, and Reason is the correct explanation for Assertion.

Explanation:

Globalisation means viewing the entire world as a single market, allowing businesses to operate beyond national boundaries. This happens because globalisation promotes the free movement of goods, services, capital, technology, information, and people across countries.