Social Sciences, asked by amogh1837, 1 year ago

'Globalization keeps the cost down'.How?

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Answered by jay81576

Foreign Direct Investment's impact on economic growth has had a positive growth effect in wealthy countries and an increase in trade and FDI, resulting in higher growth rates. ... Furthermore, globalized countries have lower increases in government outlays and taxes, and lower levels of corruption in their governments.

Answered by sharmapranay12345

Due to globalisation , the goods are produced globally.

The countries that offer cheap services are chosen as hub for production of goods ..

Like many companies use US for designing, China for production as it has cheap labour due to large population and eastern europe for supplies ...

And also india is used to provide customer sevices...

That's why ,as goods are produced globally ...it saves around 50 to 60 percent production cost for MNCs.

Prices of goods are also less due to competition between producers in different markets.

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