people have wide range of choice due to globalisation why
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people have wide range of choices because it Improves Quality The secondary advantage of a wider range of products is that because there is so much choice in the market, the competition increases. To be in the running, manufacturers and distributors of goods have to stock only the best quality products to survive in the market.
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In terms of goods and services, technology, economic partnerships and information, it has a wide range of effects in facilitating cross-border trade. Efficient market growth has increased competition, which in turn allows more market and business options for people.
Explanation:
- Globalization has resulted in large-scale market integration worldwide. Goods and services supplied by various countries are now available in the Indian markets, thus giving consumers in India a variety of choices.
- Multinational Corporations ' (MNCs) investment in industries such as cell phones, automobiles, electronics, and fast-food services, etc., has made the latest variety of different goods available easily. Different foreign products, including Sony, Samsung, Huawei, MI etc.
Learn more about globalization
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