Globalization Trends Quick Check

Question

1 of 51 of 5 Items
Question
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 process of integration among individuals, businesses, and governments.
Globalization is the process of integration among individuals, businesses, and governments.

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.
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Answer 1

The correct description of globalization among the options provided is:

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

This definition captures the essence of globalization as it relates to the interconnectedness and interdependence that has grown across the world due to various factors such as trade, technology, and cultural exchange.