The correct answer is Option (3) → (A), (B), (C) only
(A) Movement of population, MNCs:
- Movement of population refers to the increased mobility of people across borders, whether for tourism, work, education, or other reasons.
- MNCs (Multinational Corporations) represent the global expansion of companies operating in multiple countries. They often have significant economic influence and impact on local economies and cultures.
(B) Opening up of economy, loss of livelihood:
- Opening up of the economy refers to the process of reducing barriers to international trade and investment, allowing for increased flows of goods, services, and capital between countries.
- Loss of livelihood can occur as a result of globalization due to various factors such as competition from foreign companies, automation, or shifts in market demand. While globalization can create new economic opportunities, it can also disrupt traditional livelihoods in certain sectors.
(C) Globalization of finance and communication:
- Globalization of finance involves the integration of financial markets across countries, facilitating the flow of capital, investments, and financial services on a global scale.
- Globalization of communication refers to the rapid expansion and interconnectedness of communication networks and technologies, enabling instant communication and information sharing across the world.
(D) Restriction on import and export of goods:
- This feature does not accurately represent globalization. Instead, globalization typically involves a reduction in restrictions on the import and export of goods, as countries seek to increase international trade and economic integration.
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