How Is Globalization Affected by the Spread of Technology

question 40

Short Answer

How is globalization affected by the spread of technology?

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Definitions:

Licence to Sell

A legal authorization or permit granted to an individual or business entity to engage in the commercial sale of goods or services.

Customers

Individuals or entities that purchase goods or services from a business.

McDonaldization

A term used to describe the increasing presence of the fast-food business model in common social institutions, characterized by efficiency, calculability, predictability, and control.

Rationalization

Rationalization is the process of replacing traditional and spontaneous methods of organization with calculated, efficient, and logical processes, often highlighted in modern social structures.