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1) What is Globalization of markets and Globalization of production. How have these two concepts resulted in the acceleration of globalization? 2)Explain the Theory of

1) What is "Globalization of markets" and "Globalization of production". How have these two concepts resulted in the acceleration of globalization?

2)Explain the Theory of Absolute Advantage and the Theory of Comparative Advantage by providing examples of two countries trading rice and cocoa.

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1 Globalization of markets refers to the process by which companies operate on a global scale treating the world as a single market This involves mark... blur-text-image

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