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Question

What is globalization?

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

The correct option is D 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.

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