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Q.

Choose the given statement is true/false:

Globalisation has resulted in lesser competition among the producers.

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a

True

b

False

answer is B.

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Detailed Solution

The given statement is false.
Globalisation has resulted in increased competition among producers and sellers. Globalisation provides customers with a wide range of products of a single type of item. It increases the competition in the market, and to compete with each other, sellers have to sell good quality goods at a lower price. Most of the customers prefer to purchase cheaper goods.
Thus, the correct statement is that globalisation has resulted in greater competition among producers.

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