Question

What are the advantages of globalisation to consumers as well as producers..??
Please write it for 5 marks question.. ​

Answer 1

Answer:

Globalisation has been advantageous for consumers and producers: ... 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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Answer 2

$answer$

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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ItzAnju❤