Question

globalisation leads to downfall domestic production how​

Answer 1

Answer:

Explanation:

Globalization refers to increases in the movement of finance, inputs, output,  by making it possible for agriculture to grow considerably faster than domestic consumption. And the pace is accelerating, partly due to the forces of globalization.  A decline in income, eventually reverting to minimum subsistence agriculture.                        

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Answer 2

The financial market and product globalization refers to high economic integration in the areas and economies of scale, leading to higher trade in financial services through both cross-border entry activity and capital flows.

Explanation:

• Globalization refers to improvement in financial, input, output, data and science movement across huge geographic areas. Globalization gains an increase in net income in different places and facilitate declines in poverty levels, and thus may increase food security levels.
• There is, however, an implication of frictionless movement and perfect knowledge that underscores the demands to benefit from globalization.

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