This terms refers to the instantaneous exchange between world cultures of ideas, capital, and goods that has occurred related to advances in telecommunications and travel over the last few decades.

Globalization refers to the instantaneous exchange between world cultures of ideas, capital, and goods that has occurred related to advances in telecommunications and travel over the last few decades.

The process using which the organisations or business starts its operations on an international scale refers to Globalization. Using this process various parts of the world gets connected as the business expands culturally, politically and economically.

The people and the goods in the various parts of the world get connected with this process of Globalization. There are three types of globalization such as Political, social and economical. Using this process we can communicate easily and conduct operations across various parts of the world.

answer; is usually (less than) the socially optimal level of consumption;

answer; ///i believe the correct answer is (c) laissez-faire;