The merging of historically distinct and separate national markets into one huge global marketplace is referred to as the:
A)globalization of production.
B)localization of markets.
C)offshore outsourcing.
D)globalization of markets.

Question

Quizplus · Accepted Answer

Globalization of markets involves moving away from an economic system in which national markets are distinct entities,isolated by trade barriers and barriers of distance,time,and culture,and toward a system in which national markets are merging into one global market.

The Merging of Historically Distinct and Separate National Markets into One