Globalization of markets is the merging of distinct national markets into a single interconnected global marketplace. Driven by technology, trade liberalization, and converging consumer preferences, it has transformed how companies sell, how consumers buy, and how economies interact.
Quick Definition Globalization of markets is the process by which previously separate national and regional markets merge into a single, interconnected global marketplace. Companies sell the same or similar products worldwide, consumers across countries increasingly want similar goods, and competition happens on a global rather than local scale. Key Takeaways Globalization of markets refers to the convergence of national markets into one global marketplace where similar products are sold worldwi