<u>Globalization is a phenomenon where a business or an organization expands its influence even beyond its national borders</u>. 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 <u>transnational corporations</u>. 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 <u>outsourcing of labor</u>, which is the giving out of help/ assistance to other less-abled nations. <u>Foreign investing </u>is another element of globalization where a business invests in foreign/ other countries, thereby allowing it more grasp and expansion of the business itself.
