Globalisation has led to higher standards of living of __________.

Well-off consumers

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Poor consumers

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Big producers

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Small producers

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Solution

The correct option is C Well-off consumers
Globalisation is the process by which business organisations develop international influence and work hand in hand to operate on international scale. This resulted in interchanging of products, ideas, views and aspects of culture between different countries.
This has resulted in the improvement of standard of living of well fortuned consumers.

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Similar questions

Money as a standard for deferred payments has led to the emergence of:

Choose the most appropriate option.

(i) The past two decades of globalisation has seen rapid movements in

(a) goods, services and people between countries.

(b) goods, services and investments between countries.

(ii) The most common route for investments by MNCs in countries around the world is to

(a) set up new factories.

(b) buy existing local companies.

(iii) Globalisation has led to improvement in living conditions

(a) of all the people

(b) of people in the developed countries

(d) none of the above

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