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Evgen [1.6K]
2 years ago
13

1-b.) "globalization means the speedup of movements and exchanges (of human beings, goods, and services, capital, technologies o

r cultural practices) all over the planet" (you matter).
Social Studies
1 answer:
dedylja [7]2 years ago
8 0

Globalization is the quickening of all goods' international exchanges and movements.

<h3>Why is globalization crucial to the economy?</h3>

In general, manufacturing costs decrease as a result of globalization. This suggests that companies can set lower prices for their goods. The average cost of goods is a key element that raises the quality of living. Additionally, there is a wider variety of goods available to consumers. Globalization is the process by which countries, corporations, and businesses begin conducting business on a global scale in terms of economics. Although it has been seen that globalization generally raises living standards in emerging countries, some analysts warn that it could potentially have a negative effect on local or developing economies, as well as on particular employees. Socially, globalization has facilitated people's cultural and intellectual exchange, fostering a more tolerant and welcoming society.

To know more about Globalization, click here:

brainly.com/question/15283031

#SPJ4

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