Globalization is the rapid increase in the flow of economic activity, technology, and communication around the globe.

Question

Quizplus · Accepted Answer

Globalization is defined as the process of increasing interconnectedness and interdependence among countries, economies, and societies. This involves the growth of cross-border trade, investment, technology transfer, and cultural exchange. Therefore, the statement that globalization is the rapid increase in the flow of economic activity, technology, and communication around the globe is true.

Globalization Is the Rapid Increase in the Flow of Economic