Globalisation and greater competition among producers has been advantageous to consumers.support the statement with examples

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asked Feb 1, 2018 in Economics by dmtiwari (170 points) 5

1 Answer

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answered Feb 1, 2018 by Annu Priya (18,055 points) 24 45 82

Globalisation and greater competition among producers has been advantageous to consumers

  • They benefit from the lower prices
  • better quality of products arising from increased competition
  • increases the purchasing power of an individual
  • best practices of production gets disseminated across political boundaries

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