Question

Which of the following correctly describes globalization?(1 point) Globalization is the process of decreasing per-unit costs with increasing production. Globalization is the process of decreasing per-unit costs with increasing production. Globalization is the process of integration among individuals, businesses, and governments. Globalization is the process of integration among individuals, businesses, and governments. Globalization is the increase in income inequality within developed countries. Globalization is the increase in income inequality within developed countries. Globalization is the increase in the value of knowledge and information within an economy.

Answer 1

Globalization can be referred to as a cross-border integration of individuals, businesses and governments.

What is globalization?

A process of entering into agreements of international individuals with an intention to perform the activities, which may or may not have a business motif, is known as globalization.

Hence, option C holds true regarding globalization.

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