: The shift towards a more integrated (closely connected and work successfully together) and interdependent world economy is called globalization.

In fact, due to globalization, Now the companies are able to sell its products and services internationally. it is commonly believed that the taste of consumers living in different parts of the world are now emerging, on the other hands companies are also able to produce in any part of the world and can take global resources advantage.

Require:

1. Explain globalization of production and globalization of markets.