One major advantage of globalization is:
D. It has encouraged more international trade.
Explanation:
1. Globalization refers to the process of increased interconnectedness and interdependence among countries, leading to the integration of economies and societies on a global scale.
2. One significant advantage of globalization is the encouragement of more international trade. When countries engage in global trade, they can access a wider range of goods and services from around the world, leading to increased efficiency and specialization.
3. International trade allows countries to benefit from comparative advantages, where they focus on producing goods and services they can produce most efficiently, leading to increased economic growth and higher standards of living.
4. Through globalization and international trade, businesses can expand their markets beyond their domestic borders, reaching a larger customer base and driving economic growth both locally and globally.
5. Therefore, one of the major benefits of globalization is the promotion of more international trade, fostering economic development and creating opportunities for businesses to thrive in a global marketplace.
