identify the changes that have taken place in the way goods are produced and sold. as a result of globalization and the analyze the factors that determine people choices markets
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Globalization has confined the world into a single village.
Explanation:
- With the influx and efflux of industries and companies,there is a fluctuation in price thereby causing instability in local markets.
- With the tend of globalization,goods are prepared to meet the needs internationally,thereby ruining the local preparation way or income of people.
- With the advent of globalization,there is more home coming of foreign companies which has changed the traditional approach of business and platforms are being made digitally.
- Products price are set keeping in mind the pursuit of more benefit which has drastic effect on the local trade.
Learn more about result of globalization
As a result of globalization the close relation and independence between countries has formed
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People have wide range of choices due to globalization,why?
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