Which term below refers to the increasing similarities found in markets around the world?
A) Born-global businesses
B) Globalization
C) Economic freedom
D) Economic liberty

Question

Quizplus · Accepted Answer

Globalization refers to the process of increasing interconnectedness and interdependence of the world's markets, economies and cultures. This can lead to increasing similarities in markets around the world. Born-global businesses refer to companies that operate internationally from their inception, economic freedom and economic liberty are more general terms that do not necessarily refer to market similarities.

Which Term Below Refers to the Increasing Similarities Found in Markets