“Globalisation and greater competition among producers have been of

1.	“Globalisation and greater competition among producers have been of advantage to consumers”. Justify the statement with examples.
Answer» Globalisation and competition among producers are beneficial to consumers: (i) Globalisation and greater competition among producers, both local and foreign producers have been of advantage to consumers. (ii) There is a greater choice for consumers. (iii) Then enjoy an improved quality and lower prices for several products. (iv) They enjoy much higher standards of living that were possible earlier.

“Globalisation and greater competition among producers have been of advantage to consumers”. Justify the statement with examples.

Answer»

Globalisation and competition among producers are beneficial to consumers:

(i) Globalisation and greater competition among producers, both local and foreign producers have been of advantage to consumers.

(ii) There is a greater choice for consumers.

(iii) Then enjoy an improved quality and lower prices for several products.

(iv) They enjoy much higher standards of living that were possible earlier.

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“Globalisation and greater competition among producers have been of advantage to consumers”. Justify the statement with examples.

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