Globalization has increased the interconnectedness of economies around the world from "summary" of Economics for Beginners by Andy Prentice,Lara Bryan
One of the most significant changes in the world of economics in recent decades is the phenomenon known as globalization. This term refers to the increasing interconnectedness of economies around the world. In simpler terms, it means that countries are more closely linked than ever before when it comes to buying and selling goods and services. Globalization has been driven by a variety of factors, including advances in technology, transportation, and communication. These developments have made it easier for companies to operate on a global scale, reaching customers in distant countries with relative ease. As a result, we now see products from all corners of the world on the shelves of our local stores. This increased interconnectedness has had a profound impact on the way economies fun...
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