________ means the integration of the various economics of the world leading towards the emergence of cohesive global economy.

Globalisation

The correct answer is option (2) : Globalisation

The integration of the various economies of the world leading towards the emergence of a cohesive global economy is referred to as "Globalisation" (2).

2. Globalisation involves the interconnectedness and Interdependence of economies, trade, finance, technology, and culture on a worldwide scale. It's a process that has led to increased international trade, the flow of capital and information across borders, and the globalization of businesses and markets.

1. Liberalisation: Liberalisation refers to the process of reducing government regulations and restrictions in various economic sectors. It often involves opening up markets to competition, reducing trade barriers, and allowing more private sector participation. Liberalisation aims to create a more open and market-oriented economy.

3.Privatisation: Privatisation is the transfer of ownership and control of state-owned enterprises or assets to the private sector. It involves selling government-owned businesses to private investors or companies. The goal is to improve efficiency, promote competition, and reduce government involvement in certain industries.

4.Demonetisation: Demonetisation is a government policy that involves the removal of a specific currency or a denomination of currency from circulation and replacing it with a new currency. It is typically done to combat issues like black money, counterfeit currency, or to encourage the use of digital payments. Demonetisation can have significant economic and social effects.