Question

reflection on the economic impact of
globalization in your life, how does it affect you, your family, community and
our country in general. (Anchor your essay/reflection on your most
meaningful experience and how you had managed to overcome these
experiences with your family).

Answer 1

Answer:

In general, globalization decreases the cost of manufacturing. This means that companies can offer goods at a lower price to consumers. The average cost of goods is a key aspect that contributes to increases in the standard of living. Consumers also have access to a wider variety of goods.

Explanation:

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Answer 2

Answer:

Improvements in all fields of life is the biggest impact of globalization so far.

Explanation:

Globalization has paved a way to improve the standards of living, transport, healthcare, improved education and so on.

• It improves the way knowledge is distributed to students and people around the globe.
• the method in which data, and information are stored and analyzed.
• the mode of approach and problem-solving attitude of the growing mass has improvised a lot.
• though the monetary value for consumable products has increased the economy of several countries has flourished exponentially.
• researches and inventions of newer ways of treating a disease or condition has increased life expectancy.