What do you understand by globalisation? | Class 10 Social Science - Understanding Economic Development Chapter Globalisation and the Indian Economy, Globalisation and the Indian Economy NCERT Solutions

Question:

What do you understand by globalisation? Explain in your own words.

Answer:

Globalization is defined as the integration between countries through foreign trade and foreign investments by multinational corporations (MNCs). Increase in foreign trade migration of people, spread of technology, capital flow, private and public investments from foreign countries all together contribute to globalization. Globalization has been facilitated by several factors like rapid improvements in technology, liberalization of trade and investment policies and, pressures from international organization such as the WTO.


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NCERT questions are designed to test your understanding of the concepts and theories discussed in the chapter. Here are some tips to help you answer NCERT questions effectively:

  • Read the question carefully and focus on the core concept being asked.
  • Reference examples and data from the chapter when answering questions about Globalisation and the Indian Economy.
  • Review previous year question papers to get an idea of how such questions may be framed in exams.
  • Practice answering questions within the time limit to improve your speed and accuracy.
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Welcome to the NCERT Solutions for Class 10 Social Science - Understanding Economic Development - Chapter . This page offers a step-by-step solution to the specific question from Excercise 1 , Question 1: What do you understand by globalisation? Explain in your own words.....