Question

As a commerce student describe your point of view regarding the fact that aim of globalization is to look up on the world as a global village.”

Answer 1

Globalization :

Globalisation means the integration of the various economies of the world leading towards the emergence of a cohesive global economy.

Features of Globalisation: 

(a) Free ow of goods and services across nations 

(b) Free ow of capital across nations 

(c) Free ow of information and technology 

(d) Free movement of people across borders