Answer:
The
integration of the domestic economy with the world economy is known as
Globalisation. In this process, goods and services are produced and marketed
throughout the world. Globalisation involves the rapid integration of
countries.
Companies called Multinational Corporations (MNCs) set up their
production centres and marketing branches in more than one country. More and
more goods, services, investments and technology move between
countries. Countries also get connected by movement of people, who work in
countries other than their own.
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