Impact of Globalisation on Different Stakeholders

Q. Explain the positive and negative consequences of globalisation?

Q.

Globalisation has increased the competition among producers.

Which of the following statements explains the cause of such competition?

1. Due to globalistion, MNCs became profitable.
2. The competition increased as globalisation facilitated the market access to companies across the world.
3. Globalisation changed the governments across the countries.
4. Globalisation has reduced consumer spending.

Q. Globalisation increased the competition among both local and foreign producers, but it has been beneficial to the consumers.

1. False
2. True