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Globalisation can be defined as ______. - Business Studies

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Question

Globalisation can be defined as ______.

Options

  • Movement of people (labour)

  • Movement of knowledge (technology) across geographical borders

  • Growing interdependence of the economies and societies over each other

  • All of the above

MCQ
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Solution

Globalisation can be defined as movement of people (labour), Movement of knowledge (technology) across geographical borders and the growing interdependence of the economies and societies over each other.

Explanation:

Globalisation refers to the increasing interconnection and interdependence of global economies, cultures, and populations, which is driven by:

  • Movement of people (labour): Cross-border migration of workers seeking better employment opportunities.
  • Movement of knowledge (technology): International sharing and transfer of innovation and technology.
  • Economic and social interdependence: The connections between economies and societies through trade, investment, and communication.
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Chapter 19: Globalisation - EXERCISES [Page 277]

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Goyal Brothers Prakashan Business Studies [English] Class 12 ISC
Chapter 19 Globalisation
EXERCISES | Q I. A. 2. | Page 277
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