What is Globalisation Class 10?

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Detailed Solution

Globalisation is the process of connecting countries through trade, ideas, technology, and culture, making the world act like a single market. Globalisation has made it possible for goods, services, people, and information to move quickly from one country to another. It connects producers, sellers, and consumers across the world.

Key Features of Globalisation:

International trade – countries buy and sell goods and services
Technology transfer – modern machines and ideas spread faster
Global communication – internet and media link people worldwide
Foreign investments – companies invest in other countries

Impact of Globalisation:

Positive Impact	Negative Impact
More job opportunities	Small businesses may suffer
Better products for consumers	Unequal benefits
New technologies and skills	Damage to local industries

Role of MNCs:

Multinational companies (MNCs) play a major role in globalisation. They produce and sell in many countries. For example, a mobile phone may be designed in the USA, made in China, and sold in India.

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