Globalization

Globalization

1. Of markets

   • Refers to the bonding between markets of diffrent cultres
     • diffrent ideas
     • different products
     • different costoms
   • it makes trading easier between countries
     • for costumes
       • on industy
         • and materials

2. Of production

   • global source for
     • services
     • goods
     • Production factors
       • energy
       • land
       • capital
       • labor
   • lower costs
   • outsourcing
   • bigger companies