Question

What is/are component/s of worldwide interconnectedness?

Options

• Capital Flow

• Trade Flows of Goods

• Labour Flow

• All of these

Answer 1

All of these

Explanation:

Worldwide interconnectedness refers to the free flow of goods and services, technology, ideas, and people around the world in order to further globalization. This consists of three parts:

1. Capital Flow: It is the movement of resources between countries via loans or business investments.
2. Trade Flows of Goods: It refers to the trade of goods between countries.
3. Labour Flow: It addresses 'brain drain' by creating favourable employment conditions.