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Which of the following is best to describe the term 'Globalisation'?
  • a)
    exchange of  goods across national boundaries. 
  • b)
    ​exchange of  goods and services across national boundaries. 
  • c)
    exchange of  goods, services, people and capital across national boundaries. 
  • d)
    exchange of  goods, services, people, capital, and information across national boundaries. 
Correct answer is option 'D'. Can you explain this answer?
Verified Answer
Which of the following is best to describe the term Globalisation?a)ex...
The Concept of Globalisation
  • Definition: Globalisation involves the exchange of goods, services, people, capital, and information across national boundaries.
  • Key Points:
    • According to WHO, globalisation can be described as the increased interconnectedness and interdependence of peoples and countries.
    • It encompasses the opening of international borders to fast flows of goods, services, finance, people, and ideas, along with changes in institutions and policies at national and international levels facilitating such flows.
    • Globalisation is a free movement of various elements across borders, making Option 4 the most suitable choice.
    • It signifies a process through which activities or undertakings attain a global scope.
    • Globalisation integrates the world into one market, affecting economic, cultural, political, and environmental dimensions.
    • It impacts economies by influencing various aspects such as culture, politics, and the environment.
    • It involves interactions and integration among people, companies, and governments of different nations through trade and investments, impacting various aspects of societies globally.
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Which of the following is best to describe the term Globalisation?a)exchange of goodsacross national boundaries.b)exchange of goods and servicesacross national boundaries.c)exchange of goods, services, people and capitalacross national boundaries.d)exchange of goods, services, people, capital, and information across national boundaries.Correct answer is option 'D'. Can you explain this answer?
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Which of the following is best to describe the term Globalisation?a)exchange of goodsacross national boundaries.b)exchange of goods and servicesacross national boundaries.c)exchange of goods, services, people and capitalacross national boundaries.d)exchange of goods, services, people, capital, and information across national boundaries.Correct answer is option 'D'. Can you explain this answer? for UGC NET 2025 is part of UGC NET preparation. The Question and answers have been prepared according to the UGC NET exam syllabus. Information about Which of the following is best to describe the term Globalisation?a)exchange of goodsacross national boundaries.b)exchange of goods and servicesacross national boundaries.c)exchange of goods, services, people and capitalacross national boundaries.d)exchange of goods, services, people, capital, and information across national boundaries.Correct answer is option 'D'. Can you explain this answer? covers all topics & solutions for UGC NET 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Which of the following is best to describe the term Globalisation?a)exchange of goodsacross national boundaries.b)exchange of goods and servicesacross national boundaries.c)exchange of goods, services, people and capitalacross national boundaries.d)exchange of goods, services, people, capital, and information across national boundaries.Correct answer is option 'D'. Can you explain this answer?.
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