Business Studies, asked by kajalpr6423, 11 months ago

Globalisation keeps cost of commodities down ?how

Answers

Answered by saswat2084
6

Globalisation actually leads to a competition among the traders and merchants of various countries.

In 1991, after the liberalisation that means removal of trade barrier there was a heavy competition between the national and international traders.

So, we can say due to this, competition in globalisation the consumers were benefited as the cost of commodities stayed down.

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