outsourcing - the practice of obtaining goods or services from an outside supplier, urbanisation - the process of more people moving to and living in cities, multinational (adj.) - a company that operates in multiple countries, trade - the buying and selling of goods and services between countries, import - to bring goods or services into a country from abroad for sale., export - to send goods or services to another country for sale., tariff - tax imposed on imported or exported goods., cultural exchange - the sharing of cultural elements, such as ideas, traditions, or practices, between different countries or peoples., modernisation - the process of adopting new technologies, ideas, and ways of life, often associated with industrialization, improved infrastructure, and shifts from traditional to contemporary societal norms, inflation - the rate at which the general level of prices for goods and services rises over time, eroding purchasing power and often impacting economic stability., urban sprawl - the uncontrolled expansion of urban areas into the surrounding countryside, often characterized by low-density housing, increased reliance on automobiles, and loss of natural or agricultural land., logistics - the process of planning, implementing, and controlling the efficient movement and storage of goods, services, and information from the point of origin to the point of consumption, supply chain - the network of individuals, organizations, resources, and activities involved in the production and delivery of a product from raw materials to the end consumer., multi-currency pricing (MCP) - a pricing strategy that allows customers to view and pay for goods or services in their preferred currency. It enables businesses to display prices in multiple currencies, usually based on real-time exchange rates, providing a more localized shopping experience for international customers,

Globalisation

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