Economics Supply And Demand Questions
The concept of globalization refers to the increasing interconnectedness and interdependence of countries and their economies through the exchange of goods, services, information, and ideas. It involves the integration of national economies into a global network, facilitated by advancements in technology, transportation, and communication. Globalization has led to the expansion of international trade, the growth of multinational corporations, and the movement of capital, labor, and resources across borders. It has also resulted in the spread of cultural influences, the standardization of products and services, and the emergence of global markets.