Question

What Is the Importance of Globalisation?

Answer 1

Globalisation is important due to the following reasons:

1. Globalisaton leads to market expansion that enables businesses to make proper use of their resources.
2. People have many choices for obtaining goods and services as they have many options.
3. It helps in increasing the foreign exchange reserves of a nation.
4. It helps in creating employment for a large number of people.

Also see:

• MCQs on Liberalisation
• MCQs on Globalisation
• Advantages of Globalisation
• Objectives of Privatisation