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Question

The inability of domestic markets to provide ample business for all is the reason for _________.

A
liberalization
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B
globalization
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C
change in political policies
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D
increase in export
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Solution

The correct option is B globalization
The inability of domestic markets to provide ample business for all is the reason for globalization. Globalization is defined as the process of growing interdependence of the economies through increasing volume and variety of cross border transactions in goods and services and of international capital flows, and also throug the more rapid and widespread diffusion of technology.

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