Question

Capitalism has paved the way, with the removal of barriers and organizations we see one global market emerging. This is:

a. Global Trade.
b. Global Markets.
c. Transnationals.

Answer 1

Globalization refers to the process of integrating governments, cultures, and financial markets through international trade into a single world market. It involves the increasing interconnectedness and interdependence of countries around the world. One aspect of globalization is the emergence of global markets, where goods, services, and assets are bought and sold across national borders. Another aspect is the rise of transnational corporations, which are companies that operate in multiple countries.

Step-by-step explanation:

Globalization refers to the process of integrating governments, cultures, and financial markets through international trade into a single world market. It involves the increasing interconnectedness and interdependence of countries around the world.

One aspect of globalization is the emergence of global markets, where goods, services, and assets are bought and sold across national borders. This allows companies to trade on a global scale, expanding their reach and opportunities.

Another aspect of globalization is the rise of transnational corporations, also known as transnationals. These are companies that operate in multiple countries, using labor and resources from different nations to produce and sell products in the global marketplace.