Question

how do feel the impact globalization on our daily life?explain with example

Answer 1

Impact of Globalization:

●Globalization and greater competition among producers has been of advantage to consumers.

●Greater choice before consumers.

●Availability of standard quality products at lower price.

●Improvement in living standard.

●Foreign investments have increased in many areas like cell phones, auto mobiles, electronics, soft drinks, etc.

●New job have been created.

●Several of the units have shut down rendering many workers jobless.

●Globalization has also created insecurity of job.





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Answer 2

The question is answered below-

1. Globalization, in simple terms, can be defined as the integration of an organization and its technologies and workforce on a worldwide basis. The companies located all around the world have expanded and made their way across the boundaries of other countries.

2. The primary impact of globalization on our daily life are listed below-

a. It has increased the choices of products as new products from across the world are introduced in the markets.

b. It has somewhat negatively impacted the local stalls and businesses by increasing the daily choices.

c. It has also increased the chances of employment as the productions are now large-scale.