economicsWhat are the benefits of globalisation to the consumers?

What are the benefits of globalisation to the consumers?


  1. A
    Greater choice
  2. B
    Easier access to foreign investment for production
  3. C
    Best quality products
  4. D
    All of the above 

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    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.
     
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