asked 48.8k views
5 votes
Economic globalization has worked in favor of consumers. Because of intense( ), producers strive to offer the best quality at the lowest price. Therefore, consumers get more value for their money. They have the option of buying ( ) products if they are unhappy with domestic products.

asked
User Ceetang
by
8.0k points

2 Answers

6 votes

Answer:

Competition,foreign

Step-by-step explanation:

answered
User Dayum
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8.7k points
2 votes

Answer:

Economic globalization has worked in favor of consumers. Because of intense competition, producers strive to offer the best quality at the lowest price. Therefore, consumers get more value for their money. They have the option of buying foreign products if they are unhappy with domestic products.

Step-by-step explanation:

This statement is true. Globalization has allowed consumers to have easy access to a great variety of international products. These have not only become more common, but cheaper. Therefore, if a customer dislikes a domestic product, he is able to consume a foreign one instead. However, because of the different costs of production and wages among different countries, some nations and particular groups of people have benefitted from globalization more than others.

answered
User Paul Whelan
by
8.2k points
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