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Globalization
1. The concept of globalization, as ever-evolving, makes it impossible to be defined within a set time-frame.
2. Connections between different economies and relationships between nations can be attributed to the rise of globalization.
3. The main concept of globalization can make somebody see that indeed, the world is vast, big, and thus, cannot be dependent on one another for survival.
4. The rise of globalization also has its disadvantages, too.
5. Globalization can be the attributed cause of why and how time and space between social distances continue to shrink and get smaller.
This document contains various important questions and their appropriate answers in the subject field of Economics.
Economics is the study of the principles governing the allocation of scarce means among competing ends when the objective of the allocation is to maximize the attainment of the ends.
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