Question

Advantages of globalisation and disadvantages of globalisation ​

Answer 1

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Advantages of globalisation and disadvantages of Globalisation?

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•Globalisation:-

→It refers to The Inter-Connection or Inter-Dependence of Countries.

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$\boxed{\underline{Advantages:-}}$

→Due to Globalisation,Customers have A Wide-Choice of Products and There are many Varieties of Any Particular Product.

→Due to Globalisation,Products are cheaper and Are Available in Large Amount.

→Due to Globalisation,Many of The Local Companies Get newer Tech when the MNC's Do investment in them, and Allow the Economy to Grow for a Country.

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$\boxed{\underline{Dis-advantages:-}}$

→Globalisation is Unfair,as It doesnt implement same laws for the Developed countries like: USA.

→Due to Globalisation,Local Companies Have to face a tough competition and even result in The Companies Shutting Down.

→Due to Globalisation, When people have Wide-Choice of Products, People buy cheap products which Are Imported from other countries,this results in Improving the Economy of other countries and Not the Country where the Products are mainly developed.

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$\mathcal{BE \: BRAINLY}$