Question

Globalization keeps the costs down
How.I​

Answer 1

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.

Answer 2

Answer:

Globalization keeps the costs of commodities down by encouraging the competition between local firms