Which of these is not essential condition for Globalization?Select one:a.Business Freedomb.Facilitiesc.Tariffd.Free Trade
Question
Which of these is not essential condition for Globalization?Select one:a.Business Freedomb.Facilitiesc.Tariffd.Free Trade
Solution
The answer is c. Tariff. Tariffs are not an essential condition for globalization. In fact, they are often seen as a barrier to globalization. Tariffs are taxes imposed on imported goods and services, they can limit free trade by increasing the cost of imported goods. Therefore, they can hinder globalization rather than facilitate it. The other options - business freedom, facilities, and free trade - are generally seen as supportive conditions for globalization.
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