Globalization can be carried out through the movement of factors of production.

Question

Quizplus · Accepted Answer

This statement is true. Globalization involves the integration of different economies through the movement of goods, services, and factors of production, such as labor and capital. Companies can move their production facilities to other countries to take advantage of lower costs, and workers can take advantage of job opportunities in other countries. Capital can also flow across borders to seek out the best investment opportunities. All of these movements help to deepen the connections between different countries and create a more integrated global economy.

Globalization Can Be Carried Out Through the Movement of Factors