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What do you understand by globalisation? Explain in your own words.
Globalization refers to a system in which the economy of any country is linked to other economies of the world through foreign trade and foreign investment. Due to globalization, at present there is exchange of goods, services, technology and labor between different countries in the world. Multinational companies play a very important role in this work when they establish their units in different countries of the world and supply their goods in the market of other countries.
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