Question

What is globalization?

• A. It refers to the transfer of assets from public to private ownership
• B. It refers to the disposal of public sector's equity in the market
• C. It means integrating the domestic economy with the world economy
• D. None of the above

Answer 1

Answer: (C)

It means integrating the domestic economy with the world economy

Globalisation means integrating the domestic economy with the world economy, because it facilitates the free inter-flow to capital, technology, people, goods and services.