Globalization is the term used to describe process of removal of restriction on which one the following?
A
Foreign trade
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B
Investment
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C
Both (1) and (2)
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D
None of the above
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Solution
The correct option is C Both (1) and (2) Globalization refers to the integration of various economies of the world by removing of strict policies in regard to the import and export of goods and services and foreign direct investments.