Which of the following correctly describes globalization?(1 point)

Responses

Globalization is the process of decreasing per-unit costs with increasing production.
Globalization is the process of decreasing per-unit costs with increasing production.

Globalization is the increase in income inequality within developed countries.
Globalization is the increase in income inequality within developed countries.

Globalization is the increase in the value of knowledge and information within an economy.
Globalization is the increase in the value of knowledge and information within an economy.

Globalization is the process of integration among individuals, businesses, and governments.

1 answer

The correct description of globalization is:

Globalization is the process of integration among individuals, businesses, and governments.

This definition captures the essence of globalization, which involves the interconnectedness of economies, cultures, and populations around the world.