Question

"Globalisation has been advantageous to consumers as well as to producers". Support the statement with suitable examples.

Answer 1

Globalisation is nothing but the process in which consumers and producers both have many benefits.

For consumers:

Choice of good products.

Prices have become competitive.

Wide range of products available.

Availability of world class products and services.

For producers:

Expansion of market worldwide.

Open new investments.

Exchange of new technologies and techniques.