1.

Explain the nature of globalisation.

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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