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Question

A product made in China and the United Kingdom with raw material from India is sold all over the world.
This is a result of the process.

A
internal trade
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B
privatisation
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C
globalisation
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D
liberalisation
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Solution

The correct option is C globalisation
A country buys the products that it cannot produce enough of and sells the products it has in abundance to other countries. Not just products but services like IT, capital, labour, and technology are also freely traded between countries. This integration of economies is called globalisation.

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