Economy, asked by Goldenhangman452, 1 year ago

How does globalization impact the marketplace as a whole?

Answers

Answered by PiyushSinghRajput1
0
Globalization leads to increased competition. This competition can be related to product and service cost and price, target market, technological adaptation, quick response, quick production by companies etc. When a company produces with less cost and sells cheaper, it is able to increase its market share.
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