What are the benefits of globalisation to the consumers?

see full answer

Your Exam Success, Personally Taken Care Of

1:1 expert mentors customize learning to your strength and weaknesses – so you score higher in school , IIT JEE and NEET entrance exams.

An Intiative by Sri Chaitanya

Greater choice

Easier access to foreign investment for production

Best quality products

All of the above

(Unlock A.I Detailed Solution for FREE)

Best Courses for You

JEE

NEET

Foundation JEE

Foundation NEET

CBSE

Detailed Solution

All of the above are the benefits of globalisation to the consumers.
Globalisation is the process of rapid integration or interconnection between countries by higher investment from foreign and higher foreign trade. It provides various benefits to both consumers and producers of our country but let's focus on the benefits to the consumer, which are as follows:
1)      Wide range of access to the market.
2)      As a result of competition, consumers have access to products of higher quality.
3)      It has significantly lowered the price of products and services.
4)      Many top companies have launched their clothing, cosmetics, toys, etc., providing the consumer with a large number of choices.

Watch 3-min video & get full concept clarity