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Question

Which of the following is the reason for improvement or change in technology?


A
Nationalisation
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B
Privatisation
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C
Globalisation
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D
None
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Solution

The correct option is D Globalisation

The reason for improvement or change in technology is globalisation. Process of integrating domestic economy with world economy is called globalisation. Globalisation enables exchange of social, cultural, technological ideas across the borders. Its effects include access to technology, growth of international trade, increased employment opportunities, free flow of foreign capital etc.


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