Question

State with reasons whether the following statements are True or False.

Globalization is the expansion and extension of economic activities across political boundaries of a country.

Answer 1

Globalization is the expansion and extension of economic activities across political boundaries of a country- True

Explanation:
Globalization is the process of creating a world without boundaries. Under globalisation, businesses have worldwide approach, which means that they can operate and compete in any part of the world. They have an opportunity to establish new units in different countries, procure raw materials or labour from other countries and buy or sell goods to other countries.