Which statements best explain how globalization offers an advantage to businesses? Check all that apply. Businesses can take adv
antage of favorable laws to make products cheaply. Businesses can take advantage of favorable taxes to make products cheaply. Businesses can take advantage of new forms of technology to make products cheaply. Businesses can take advantage of new forms of democracy to make products cheaply. Businesses can take advantage of faster technology to make products faster.
- businesses can take advantage of favorable laws to make products cheaply
- businesses can take advantage of favorable taxes to make products cheaply
- businesses can take advantage of new forms of technology to make products cheaply
- businesses can take advantage of faster technology to make products faster
Globalization allows people to communicate and transport from one country to another in a way faster and cheaper manner compared to pre-globalization. Because of this, it is possible for companies to find cheaper materials on other countries, exchanging information to develop technologies to create more efficient production, and conducting internatonal trades to leverage other countries' taxation system.
The income and wealth of the middle-class in America has been reported to be on the decline since the 1970s even though there has been an increase in pay rise and profits of corporations. This is the most significant threat to the relatively high standard of living people are accustomed to in the United States.
