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What is Meant by 'Globalisation'? - CBSE (Commerce) Class 12 - Business Studies

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ConceptImpact of Government Policy Changes on Business with Special Reference to Liberalization, Privatization and Globalization in India

Question

What is meant by 'Globalisation'?

Solution

Globalisation refers to the process of securing socio-economic integration and development of various economies of the world. It is a conscious and active process associated with the free flow of information, knowledge, services and goods so as to expand business and trade across the borders of the countries

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Solution What is Meant by 'Globalisation'? Concept: Impact of Government Policy Changes on Business with Special Reference to Liberalization, Privatization and Globalization in India.
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