Practicing Success

Target Exam

CUET

Subject

Business Studies

Chapter

Business Environment

Question:

____________________has resulted in the integration of world economy into a single market through removal of trade barriers between countries.

Options:

Liberalisation

Privatisation

Globalisation

All of the above

Correct Answer:

Globalisation

Explanation:

The correct answer is option 3- globalisation.

Globalization is the word used to describe the growing interdependence of the world's economies, cultures, and populations, brought about by cross-border trade in goods and services, technology, and flows of investment, people, and information.