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in The Market as a Social Institution by (30.9k points)
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What is globalization? What are it features?

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Globalization era means an era when the entire world is mutually connected. The world is connected economically, politically and culturally. This mutual relation is the mark of globalization.

There are many tendencies in globalization. The main tendency liere is the ow of goods, money, information, and people from one country to another. Technology (computer, telecommunication, transport) and internal structure are also factors of globalization. The, most important feature of globalization is the expansion of markets and their linkage.

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