Question

21. "Globalisation and competition among producers
has been of advantage to the consumers." Give
arguments in support of this statement:
22. Distinguish between foreign trade and foreign
investment.​

Answer 1

Answer:

21. Consumers will have plenty of choices to choose from the products made by the competition of the producers.

22. Foreign trade implies the trade of goods, services and capital between two countries of the world. Foreign investment refers to an investment made in a company from a source outside the country. Integration of markets of different countries. Additional investment in the form of capital, technology and other resources.

Explanation:

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Answer 2

Foreign trade implies the trade of goods, services and capital between two countries of the world. Foreign investment refers to an investment made in a company from a source outside the country. Integration of markets of different countries. Additional investment in the form of capital, technology and other resources.

Globalisation and competition among producers, an advantage to consumers: ... There is a greater choise before consumers. Then enjoy improved quality and lower prices for several products.