The process involving increasing interconnectedness of world economies through trade and finance is known as:

The process involving increasing interconnectedness of world economies through trade and finance is known as:

• A. Globalization
• B. Diffusion
• C. Culture lag
• D. Preindustrial societies

Answer: (A)

Globalization refers to the increasing interconnectedness of world economies through trade and finance, creating a network where goods, services, capital, information, and people move across borders with growing ease. It includes global supply chains, multinational corporations, international financial markets, and trade agreements that link national economies into a single system. This makes it the best answer because the question describes economic interdependence on a global scale driven by trade and financial flows. The other terms describe different ideas: diffusion is about the spread of ideas or cultural practices, culture lag is the delay between technological change and social adjustment, and preindustrial societies refer to societies before industrialization, not the process of global economic integration.

Globalization refers to the increasing interconnectedness of world economies through trade and finance, creating a network where goods, services, capital, information, and people move across borders with growing ease. It includes global supply chains, multinational corporations, international financial markets, and trade agreements that link national economies into a single system. This makes it the best answer because the question describes economic interdependence on a global scale driven by trade and financial flows. The other terms describe different ideas: diffusion is about the spread of ideas or cultural practices, culture lag is the delay between technological change and social adjustment, and preindustrial societies refer to societies before industrialization, not the process of global economic integration.