Question

Which of the following is the effect of globalisation?

Options

• Communication through electronic means

• Enhanced competition resulting in improved quality of products

• Employment due to outsourcing and offshoring

• All of these

Answer 1

All of these

Explanation:

Globalisation has multiple effects, including:

• Communication through electronic means: Globalisation has significantly improved and expanded electronic communication. With the rise of the internet, smartphones, and digital platforms, people and businesses across the world can now communicate instantly and efficiently.
• Enhanced competition resulting in improved quality of products: Businesses compete globally, which spurs innovation, higher-quality products, and reduced costs.
• Employment due to outsourcing and offshoring: Many businesses offshore and outsource their activities to nations with reduced labour costs, which generates job possibilities all around the world.