Use app×
Join Bloom Tuition
One on One Online Tuition
JEE MAIN 2025 Foundation Course
NEET 2025 Foundation Course
CLASS 12 FOUNDATION COURSE
CLASS 10 FOUNDATION COURSE
CLASS 9 FOUNDATION COURSE
CLASS 8 FOUNDATION COURSE
0 votes
1.3k views
in History by (52.4k points)
closed by

What is meant by the term ‘globalisation’? Describe the three of movements or flows within international economics exchange.

1 Answer

+1 vote
by (52.6k points)
selected by
 
Best answer

Globalisation means integrating the economy of a country with the economies of other countries under conditions of free flow of trade and capital. The three of movements or flows with in international economic exchange

a) Flow of trade- In the nineteenth century flow of trade was referred largely to trade in goods i.e. cloth or wheat. 

b) Flow of labour- People migrate from one place to another in search of employment. 

c) Movement of capital- It was for short-term or long-term investment over long distances.

Welcome to Sarthaks eConnect: A unique platform where students can interact with teachers/experts/students to get solutions to their queries. Students (upto class 10+2) preparing for All Government Exams, CBSE Board Exam, ICSE Board Exam, State Board Exam, JEE (Mains+Advance) and NEET can ask questions from any subject and get quick answers by subject teachers/ experts/mentors/students.

Categories

...