Question:medium

Which one of the following statements best describes the meaning of ‘Globalization’?

Updated On: Jan 13, 2026
  • Removal of tax barriers on trade
  • Providing higher standard of living
  • Process of rapid integration between countries
  • Taking special steps to attract foreign companies
Show Solution

The Correct Option is C

Solution and Explanation

Globalization, characterized by the integration of nations via commerce, capital, innovation, and shared culture, facilitates swift global economic convergence.

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