How has globalization been advantageous in both producers and consumer
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Yes globalisation has been advantageous to both producers and consumers
ex:- When a foreign company sets up an industry in our country, the company gets cheap labour and raw materials
from here, in this way producers are profited.
When their products come here, the consumers have a wide variety to choose from. Thus the consumers are benefitted.
ex:- When a foreign company sets up an industry in our country, the company gets cheap labour and raw materials
from here, in this way producers are profited.
When their products come here, the consumers have a wide variety to choose from. Thus the consumers are benefitted.
Answered by
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*GLOBALISATION is advantageous producers as*:
1. They have access to the international markets.
2. It enabled free movement of capital.
*GLOBALISATION has been advantageous to consumers as*:
1.It has also given rise to intense compitition due to opening of markets to foreign companies. As a result, this has lead to increase in product quality and decrease in prices of the product.
2. Consumers are benefited from the arrival of MNCs as they have now larger choice in the goods and are available to them in the market.
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