How does globalisation benefit the consumers?
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Globalisation helps a consumer to get a better product and to compare with other companies. Globalisation also helps to get employment to some in some way and they also can get a income for their family for the livelihood.
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Globalization has resulted in a competition among producers-both local and foreign producers. This has proved to be beneficial for the consumers, particularly the well-off sections in the urban areas. There is greater and more varied choice before the consumers who now enjoy improved quality and lower prices for several products due to the competition that has arisen between local and foreign producers due to gloabalization. As a result these people( the consumers ) today, enjoy much higher standards of living than what was possible earlier.
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