The widening set of interdependent relationships among people from different parts of the world is known as ________.
A)globalization
B)offshoring
C)franchising
D)outsourcing

Question

Quizplus · Accepted Answer

Globalization refers to the increasing interconnectedness and interdependence of people, economies, and societies around the world. This includes the flow of goods, services, capital, and ideas across national borders, as well as the development of global institutions and networks that facilitate and regulate these activities. Offshoring, franchising, and outsourcing are specific strategies or practices that may be associated with globalization, but they are not equivalent to the concept of globalization itself.

The Widening Set of Interdependent Relationships Among People from Different