"Globalisation and competition among producers has been of advantage

globalisation-indian

#1

“Globalisation and competition among producers has been of advantage to the consumers”. Give arguments in support of this statement.


#2

The following arguments support the given statement
(i) There is greater choice available to the consumers in goods.
(ii) The quality of goods has been improved.
(iii) Prices of goods are lower.
(iv) Consumers are now able to enjoy a better life.
Thus, it can be concluded that globalisation and competition among producers has been of advantage to the consumers.