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Anon25 [30]
3 years ago
12

Economic globalization has worked in favor of consumers. Because of intense( ), producers strive to offer the best quality at th

e lowest price. Therefore, consumers get more value for their money. They have the option of buying ( ) products if they are unhappy with domestic products.
History
1 answer:
deff fn [24]3 years ago
3 0

Answer:

Economic globalization has worked in favor of consumers. Because of intense <u>competition</u>, 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 <u>foreign</u> products if they are unhappy with domestic products.

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.

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