How has IT led globalization

For a long time, the global economy has been highly interdependent. However, the globalization trend has intensified in recent decades; this is due to a number of causes, but significant ones include improved trade, expanded mobility of labor and capital and improved technology.

Explanation:

The world economy has become increasingly interdependent for a long time. However, in recent decades the process of globalisation has accelerated; this is due to a variety of factors, but important ones include improved trade, increased labour and capital mobility and improved technology.

changes in factors like average income and preferences can cause an entire demand curve to shift right or left. this causes a higher or lower quantity to be demanded at a given price. demand curves relate the prices and quantities demanded assuming no other factors change. it is important for consumers to know this information, because it is crucial for them to know what they can afford and can't afford. i hope this .

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