Which of the following has enabled globalization of markets?
A) Differentiation amongst national markets
B) Falling barriers to cross border trade
C) Reduced homogeneity of material culture across the world
D) Increased government ownership of factors of production

Question

Quizplus · Accepted Answer

Falling barriers to cross border trade, including the reduction of tariffs and the proliferation of free trade agreements, have enabled globalization of markets by making it easier and cheaper for businesses to trade goods and services across national borders. The other options (A, C, and D) do not directly relate to the facilitation of cross-border trade and globalization of markets.

Which of the Following Has Enabled Globalization of Markets