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Q.

Which of the following is the best example of globalisation?


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a

MNCs

b

Domestic Trade

c

Local Trade

d

All of these 

answer is A.

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Detailed Solution

MNCs are the best example of globalisation.
Multinational Corporations are corporations that own and control the production in multiple nations. They identify the best opportunities present in a nation and invest in them to make a profit. The investment made by multinational companies from foreign countries is termed foreign investment. The national companies get capital and new technology, and the MNC makes a profit. It sometimes also buys local companies to establish a business in that country.
 
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