Globalisation is the increasing interconnectedness of the world through the flow of goods, services, capital, ideas, and people. Which of the following examples represents globalisation?
CBSE Sample Paper 2023-24
NCERT Class 10 Social Science
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(b) an IKEA store in Bengaluru selling products manufactured in China.
Explanation:
– Interconnected Trade: IKEA, a global brand, showcases globalization by selling products manufactured in China at its Bengaluru store.
– Cross-Border Transactions: Goods produced in one country (China) are sold in another country (India), illustrating the global flow of products.
– **International Economic Integration:** This demonstrates how businesses operate beyond national boundaries, highlighting the interconnectedness of economies in a globalized world.