Question : Globalization has led to the expansion of:
Option 1: National boundaries
Option 2: Trade barriers
Option 3: Local markets
Option 4: Multinational corporations
Correct Answer: Multinational corporations
Solution : The correct answer is (d) Multinational corporations
Globalization has led to the expansion of multinational corporations. With the increased interconnectedness of economies and the liberalization of trade and investment, multinational corporations have been able to expand their operations across national boundaries.
Multinational corporations are companies that have a presence in multiple countries, with operations that span across different markets. They often establish subsidiaries, branches, or joint ventures in foreign countries to take advantage of market opportunities, resources, and cost efficiencies.
Multinational corporations play a significant role in driving global economic growth, fostering innovation, and creating employment opportunities. They bring investments, technology transfer, and best practices to different regions, contributing to economic development and industrialization.
