Question

Globalisation, by connecting countries, leads to: (a) lesser competition among producers (b) greater competition among producers (c) no competition between producers (d) none of these

Answer 1

It's option b
b)greater competition among producers.

Answer 2

Answer:

Option B

Globalization, by connecting countries, leads to greater competition among producers.

Explanation:

Economic "globalization" is a historical process that is the result of human ingenuity and technological advancement. It refers to the increasing globalization of economies, particularly the movement of goods, services, and capital across borders. Rapid advancements in transportation and communication technology, as well as the liberalization of trade restrictions and foreign investment, have all contributed to the globalization process.