Gradual evolution of markets and institutions such that geographic boundaries do not restrict financial transactions is known as:

Question

Quizplus · Accepted Answer

The gradual evolution of markets and institutions such that geographic boundaries do not restrict financial transactions is known as globalization. With globalization, businesses have access to new markets, customers, and suppliers from around the world, allowing for increased competition, efficiency, and growth. The other answer choices do not accurately describe this concept. Deregulation typically refers to the reduction of government regulations on businesses, while re-regulation refers to the increase of regulations. Integration generally refers to the combining of separate entities into a larger whole. Moral suasion refers to the use of persuasion or moral influence to achieve a desired outcome.

Gradual Evolution of Markets and Institutions Such That Geographic Boundaries