Delhi Police Constable Exam Model Paper 5

Globalisation as a concept fundamentally deals with flows. These flows could be of various kinds:

• Ideas moving from one part of the world to another,
• Capital shunted between two or more places,
• Commodities being traded across borders,
• People moving in search of better livelihoods to different parts of the world.
• Rapid integration between countries is known as Globalisation

Liberalization: It is any method of how a state raises limitations or when government laws are loosened.

Privatization: It means a transfer of ownership, management, and control of public sector enterprises to the private sector.

Modernization: It refers to the transitional process of moving from "traditional" or "primitive" communities to modern societies.