Define Globalization and Identify the Forces That Are Driving It

question 52

Essay

Define globalization and identify the forces that are driving it.Discuss how globalization is affecting local peoples, as well as how they are responding.

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Definitions:

Equipment

Tangible assets used in the operation of a business, excluding inventory and fixed assets like buildings; includes machinery, vehicles, and furniture.

Building

A structure with a roof and walls, such as a house, school, or factory, used for various purposes.

Goodwill

Represents the intangible value of a business, such as reputation or brand identity, that may influence its earnings.

Purchase Price

The amount of money paid by a buyer to acquire a product or service.