1. GLOBALISATION
It is a term used to describe how trade and technology made the
world more connected and interdependent.
There are three types of globalization are:
1. ECONOMIC
2. POLITICAL
3. CULTURAL
There are some positive effects of globalization.
Such as,
● Technology advancement
● Export and import of goods and service
There are also some negative effects of globalization.
Such as
● Loss of small-scale industry
● Monopoly