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

Responses

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

Globalization is the process of integration among individuals, businesses, and governments.
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 as it relates to the interconnectedness and interdependence of different entities on a global scale.