When something that is typically confined to a local area becomes worldwide, this process is called :- <u>Globalization</u>
<u>Globalization\</u>
The word "globalization" is used to describe how commerce and technology have increased connectivity and interdependence around the world. The scope of globalization also includes the resulting changes in the economy and society.
The effects of globalization are changing how individuals, corporations, and governments interact. In particular, it alters the character of economic exchange between countries by fostering commerce, opening up global supply networks, and facilitating access to labor markets and natural resources.
<h3><u>What are 4 examples of globalization?</u></h3>
- Cultural Globalization
- Diplomatic Globalization
- Economic Globalization
- Automotive Industry Globalization
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Specialization refers to the process whereby a country or an individual decide to concentrate on production of limited variety of goods in which he has economic advantage and relies on other countries or individual for getting goods which he can not produce himself.
The advantage of specialization is that people become experts at what they do and produce quality goods. Specialization enable people and countries of the world to interact with one another.
An example of specialization in international trade is the production of cocoa bean which is used to make cocoa beverages by Nigerians. Nigeria cultivate cocoa beans and export it to Japan who supply them with electronic goods. <span />
Answer:
The texts are a modern secondary source about the journey of the Mayflower and two primary sources: The Mayflower Compact (1620) and a letter by a colonist, Edward Winslow (1621).
B.) Newburgh Mutiny
The Newburgh Mutiny helped established compensation for soldiers after the Revolutionary War.
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