Question

Which of the following is/are related with globalisation?

• A. Monopoly of public sector companies
• B. Free flow of goods and services
• C. Free flow of capital
• D. Global integration of economies

Answer 1

Answer: (B), (C), (D)

Global integration of economies

Globalisation is the economic integration and interdependence of nations. It involves free flow of goods, services, labour, capital, and exchange of technology, irrespective of boundaries. It facilitates the growth of private ventures too, thus making a competitive market across the countries.