Question

What are the advantages of globalisation to producers ?? ​

Answer 1

1. Free trade is a way for countries to exchange goods and resources. This means countries can specialise in producing goods where they have a comparative advantage (this means they can produce goods at a lower opportunity cost).

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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