Globalization, as taught in Class 10, refers to the integration of global economics, industries, markets, culture, and policies, making the world free from socio-political control and reducing distances in communication, immigration, and transportation
. In the context of the Indian economy, it involves the integration between countries through foreign trade and foreign investments by multinational corporations (MNCs), as well as the integration of production and markets
. This process has been facilitated by rapid improvements in technology, liberalization of trade and investment policies, and other factors
. In the field of economics, it signifies the integration of a nation's economy with the global economy
