Social Sciences, asked by jasmine687, 9 months ago

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

Answers

Answered by Anonymous
2

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.

Answered by anuragmukherjee74
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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