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Q.

Choose the given statement is true/false:

Integration of markets is the key idea of globalization.

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a

True

b

False

answer is A.

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Detailed Solution

The given statement is true.
Because of globalization, consumers and sellers have access to markets outside their home nations. Goods are transported from one country to another. Buyers and producers from different nations compete fiercely. As a result, globalization promotes market integration among nations. For instance, during the Diwali season, Indian and Chinese ornamental lights and bulbs are available in India. Consequently, this presents a chance to grow the firm.

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Choose the given statement is true/false:Integration of markets is the key idea of globalization.