The following factors are key drivers of globalisation
A)Government action, exchange rates, competition and sociodemographic factors.
B)Market convergence, competition, exchange rates and cost advantages.
C)Cost advantages, government action, economic cycles and competition.
D)Market, cost, competition and government policies.

Question

Quizplus · Accepted Answer

Globalisation is driven by several key factors including market expansion (seeking new markets), cost advantages (reducing production and operational costs), competition (both domestic and international pressures), and government policies (trade agreements, regulations, etc.). These elements collectively contribute to the integration and interdependence of national economies.

The Following Factors Are Key Drivers of Globalisation