Economy, asked by KrishanuAnand26, 3 months ago

What are the Economic and Cultural effects of Globalization?

100 to 150 words
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Answered by dineshwari8
3

Answer:

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Answered by george275
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:

Importantly, globalization has also opened our eyes to various cultures, which has increased people's understanding of one another. It's also made importing, or bringing in goods, and exporting, or sending out goods, increasingly cheaper, thus allowing for better economic growth

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