what is globalisation. Write any one advantage on it
Answers
Answer:
Globalization allows companies to find lower-cost ways to produce their products. It also increases global competition, which drives prices down and creates a larger variety of choices for consumers. Lowered costs help people in both developing and already-developed countries live better on less money.
As a result, there are a number of positives associated with globalization: it creates greater opportunities for firms in less industrialized countries to tap into more and larger markets around the world. this can lead to more access to capital flows, technology, human capital, cheaper imports and larger export .
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Answer:
Globalization means the speedup of movements and exchanges (of human beings, goods, and services, capital, technologies or cultural practices) all over the planet. One of the effects of globalization is that it promotes and increases interactions between different regions and populations around the globe.Academic literature commonly divides globalization into three major areas: economic globalization, cultural globalization, and political globalization.
Advantage-
Access to New Cultures. Globalization makes it easier than ever to access foreign culture, including food, movies, music, and art.
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