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Social Science: Globalisation and the Indian Economy - Concept of Globalization and Factors

What is globalisation?

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Solution

Globalisation in today’s world has come to imply many things. It is the process by which the people of the world are unified into a single society and function together. This term is also often used to refer to economic globalisation: the integration of national economies into the international economy through trade, foreign direct investments, capital flows, migration and the spread of technology.

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