Question

Globalisation shall result in ______.

Options

• lesser competition among producers

• greater competition among producers

• greater competition among buyers

• destruction of large-scale producers

Answer 1

Globalisation shall result in greater competition among producers.

Explanation:

Globalisation leads to the integration of domestic economies with the world economy, resulting in the free flow of goods, capital, technology, and labor across countries. This increased interaction promotes foreign competition, which encourages producers to enhance quality and reduce prices.