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Globalisation

Rhean loves g...

Question

Rhean loves gadgets. One day, while browsing an e-commerce website, he found earphones made by a South Korean company. He immediately ordered them, and they arrived at his residence in Mumbai in just eight days.

Due to which of the following was Rhean able to order earphones from South Korea to Maharashtra?

A

Internal trade

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B

Disinvestment

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C

Globalisation

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D

Economic growth

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Solution

The correct option is C Globalisation
Globalisation refers to the interconnection between nations. It is not just limited to trade in goods and services but also involves the exchange of capital, labour, and technology. A country buys the products that it cannot produce enough of and sells the products it has in abundance.

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