Question

Globalisation leads to _____.

• A. no change in competition among the producers
• B. lesser competition among the producers
• C. greater competition among the producers
• D. none of these

Answer 1

The correct option is C greater competition among the producers

Globalization refers to the integration of markets in the global economy. Markets where globalization is particularly common include financial markets, such as capital markets, money and credit markets, and insurance markets, commodity markets, such as markets for oil, coffee, tin, and gold, and product markets, such as markets for motor vehicles and consumer electronics.