Question

In one to two sentences, discuss one advantage and one disadvantage of globalization to the economy

Answer 1

One advantage of globalization to the economy is that it can increase economic growth and create new jobs. One disadvantage is that it can lead to increased income inequality and job losses in certain industries.

Answer 2

One advantage of globalization to the economy is that it creates opportunities for businesses to expand their markets and increase profits. However, one disadvantage is that it can lead to job losses in certain sectors, particularly in industries that cannot compete with cheaper labor in other countries.