Question
What is the definition of globalization?
a unification of developed countries with a central goal
a connection between countries to improve business and trading
a dependence of one country on another for economic reasons
a development of markets for goods and services in different countries.
a unification of developed countries with a central goal
a connection between countries to improve business and trading
a dependence of one country on another for economic reasons
a development of markets for goods and services in different countries.
Ask by Elliott Little. in the United States
Mar 28,2025
Upstudy AI Solution
Tutor-Verified Answer
Answer
The best definition of globalization is: “a connection between countries to improve business and trading.”
Solution
Let’s evaluate each option to determine which best defines globalization:
- Option A: “A unification of developed countries with a central goal” - This is too narrow as globalization involves both developed and developing countries.
- Option B: “A connection between countries to improve business and trading” - This captures a significant aspect of globalization, focusing on economic interactions.
- Option C: “A dependence of one country on another for economic reasons” - This describes a consequence of globalization but does not encompass its full definition.
- Option D: “A development of markets for goods and services in different countries” - This also reflects an important aspect of globalization, emphasizing market expansion.
Options B and D both highlight key elements of globalization. However, Option B is broader as it includes the concept of connection, which is fundamental to globalization.
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Globalization is like a giant web that connects the world’s economies, cultures, and populations. It enhances trade and investment across borders, leading to more opportunities for businesses to grow and consumers to access a wider range of products. Think of it as a friendly international marketplace where ideas, goods, and people swap places!
In everyday life, globalization shows up in many ways, like enjoying sushi in a local restaurant or wearing clothes made from materials sourced from different corners of the globe. It makes us more aware of other cultures and has allowed many small and large businesses to think beyond their national boundaries and appeal to international markets, which is pretty exciting!
