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Geography ch 8 - Introduction to Economics — Social Studies STD 9 — Question

Maharashtra BoardEnglish MediumSTD 9Social StudiesGeography ch 8 - Introduction to Economics3 Marks
Question
Explain the nature of globalisation.
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Answer

  • Globalisation means aligning the economy of the country with the world economy.
  • There is free trade and all restrictions on (foreign) investments are set aside.
  • There is free flow of natural resources, profit, services, capital, labour and technology across the world.
  • The aim is to establish a borderless economy.
  • The recent economic policies of the government are leading the economy towards globalisation.

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