"Integration of production and markets is the key idea behind understanding the process of globalisation and it's impacts" What - Social Science - Globalisation and the Indian Economy

Question

"Integration of production and markets is the key idea behind
understanding the process of globalisation and it's impacts" What
is meant by integration of production and markets, what values do
you learn from the above lines ? 😓😓

Umake Zaman Thoker · Accepted Answer

The integration of products means they way a company like MNC's
setup their companies in the areas where they are able to get cheap
labour and ready market for their goods By doing so they are able
to control the market and production The integration of the
market's is the process of selling goods and
services beyond the domestic markets and create an international
market for products This helps the the trade to flourish beyond the
borders Both integration of market's and products is good for the
economy

"Integration of production and markets is the key idea behind understanding the process of globalisation and it's impacts". What is meant by integration of production and markets, what values do you learn from the above lines ? 😓😓