MP Board · Class 11 · Economics · Liberalisation, Privatisation and GlobalisationGlobalisation is the process of:
Step-by-Step Solution
Globalisation is the integration of the economy of a country with the world economy through trade, capital flows, and technology transfer.
Detailed Options Breakdown
Option : Isolating a country's economy
Incorrect choice. This distractor represents a common misunderstanding of the core principles of Liberalisation, Privatisation and Globalisation.
Option 1: Integrating a country's economy with the world economy (Correct Answer)
Correct choice. Refer to the step-by-step verified solution guidelines above for details.
Option 2: Restricting international migration
Incorrect choice. This distractor represents a common misunderstanding of the core principles of Liberalisation, Privatisation and Globalisation.
Option 3: Imposing heavy tariffs on imports
Incorrect choice. This distractor represents a common misunderstanding of the core principles of Liberalisation, Privatisation and Globalisation.
💡 Study Guide: This question tests core syllabus concepts from Liberalisation, Privatisation and Globalisation. For formulas, key summaries, and mock exam reference guides, read the full Liberalisation, Privatisation and Globalisation Revision Notes.