Asked by Nicholas Fiorentino on Jul 20, 2024

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This refers to the worldwide exchange of money,goods,and services as well as the socio-cultural changes that accompany increasing trade and human contact.

A) Imperialism
B) Social progress
C) Globalization
D) Homogenization

Socio-Cultural Changes

Alterations in societal values, norms, and practices due to factors like technological advancements, economic shifts, and cultural exchanges.

Globalization

The process by which businesses or other organizations develop international influence or start operating on an international scale, leading to increased interconnectedness and interdependence among global entities.

Worldwide Exchange

The global trading of goods, services, and financial assets among countries, influenced by international agreements and economic policies.

  • Describe the factors that lead to globalization.
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YG
yesenia gonzalezJul 26, 2024
Final Answer :
C
Explanation :
Globalization refers to the interconnectedness of economies and cultures around the world, facilitated by advancements in technology and transportation. This exchange of money, goods, and services is a key aspect of globalization. The term imperialism usually refers to a historical period when European powers engaged in the colonization and exploitation of other territories, and does not accurately describe the current global economic system. Social progress and homogenization may be outcomes (intended or unintended) of globalization, but do not refer specifically to the exchange of money, goods, and services.