Economy, asked by jasmine687, 7 months ago

"what are the advantages of globalisation to consumers as well as producers"...??
....please do not copy from the google... answer it fast and please dont write rubbish things.. ​

Answers

Answered by hello6697
0

Explanation:

Globalisation enables goods to be produced in different parts of the world. This greater specialisation enables lower average costs and lower prices for consumers. Domestic monopolies used to be protected by a lack of competition. However, globalisation means that firms face greater competition from foreign firms.

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Answered by Anonymous
5

Answer:

Globalisation has been advantageous for consumers and producers:

1.Consumers now enjoy numerous choices as well as better quality since it is now an international market.

2. Competition between companies has lowered the prices on similar goods.

Explanation:

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