As a consumer what type of benefits you receive from globalization in festive season
Answers
Festivities have got vital place in Indian heritage. Versatile festivals can be seen in different religions or in Hindu itself there are different festivals for different cause. However people used to celebrate all festivals for happy and prosperous. In ancient India people used to celebrate festivals everyday but financial crunches has cut downed celebration from 365 days to 10 to 20 festivals. After globalization festivals economy moved to multinational companies and expanded their market and created boom of purchasing during festival time, also they created new festivals for the sake of marketing. In this article researcher has used qualitative and quantitative data to assess socio-economical condition, expenditure on festivities and tried to focus more on, how globalization has created new vistas for festivals and how they get monetary benefit out of it, how households suffer financially for doing high purchase through online or offline.
Answer:
Globalisation enables goods to be produced in different parts of the world. This greater specialisation enables lower average costs and lower prices for consumers. Domestic monopolies used to be protected by a lack of competition. However, globalisation means that firms face greater competition from foreign firms.