“Globalisation and greater competition among producers has been of advantage to consumers.” Justify the statement with examples.
Answer:
Globalisation and competition among producers, an advantage to consumers:
- Globalisation and greater competition among producers, both local and foreign producers have been of advantage to consumers.
- There is a greater choise before consumers.
- Then enjoy improved quality and lower prices for several products.
- They enjoy much higher standards of living that was possible earlier.