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Economic Reforms — Economics STD 11 Commerce — Question

Gujarat BoardEnglish MediumSTD 11 CommerceEconomicsEconomic Reforms2 Marks
Question
Explain the meaning and concept of globalization.
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Answer

  • The process of connecting the economy of the country with the countries of the world is called globalization.
  • In this process, the nation moves from domestic level to international level.
  • To implement this process,
  • free trade,
  • free movement of capital at international level,
  • free movement of technology and
  • free movement of labour are included in it.

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