Question

What are three characteristics of globalization? transnational corporations high tariffs between competing nations insourcing of labor outsourcing of labor foreign investing

Answer 1

Answer:

Transnational corporations.

Outsourcing of labor.

Foreign investing.

Explanation:

Globalization is a phenomenon where a business or an organization expands its influence even beyond its national borders. In simple words, it is the spread of any products or goods of a particular business or organization across nations and starting a dependence of sorts or an interlinking of nations in operating business and trade.

The three common characteristics of globalization can be identified as transnational corporations. This allows the co-operation and unity of cross-nation to do trade with one another and maintain the corporate business line. Another factor is the outsourcing of labor, which is the giving out of help/ assistance to other less-abled nations. Foreign investing is another element of globalization where a business invests in foreign/ other countries, thereby allowing it more grasp and expansion of the business itself.