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Question
Answer in brief.
State any four features of globalization.
Solution
Features of globalization are as follows:
- Purchase and sale of goods and services from one country to another.
- Opportunity to start and do business in any part of the world.
- Reduction in the gap between the domestic and international markets.
- Possibility of quick and rapid economic development. Enhances the opportunity to exchange new ideas and technology across the nations.
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