Explanation:

Globalisation refers to the integration of economies, societies and cultures of different countries. It has a profound impact on the competition among producers. The correct answer to the given question is option 'A' i.e. more competition among producers. Let's understand why:

Reasons:

1. Increased market size: Globalisation increases the market size for producers as they can now sell their products to customers all over the world. This leads to more competition among producers as they are all vying for the same customers.

2. Lower trade barriers: Globalisation leads to the reduction of trade barriers between countries. Producers can now import and export goods more easily, which increases competition among producers as they are now competing with producers from other countries.

3. Advancements in technology: Globalisation has led to advancements in technology, which has made it easier for producers to produce and sell goods. This has increased competition among producers as they are now able to produce goods more efficiently and at a lower cost.

4. Increased access to capital: Globalisation has led to an increase in access to capital for producers. This has enabled them to invest in research and development, which has led to the creation of new and innovative products. This has increased competition among producers as they are now competing with producers who have access to the latest technology.

Conclusion:

In conclusion, globalisation has resulted in more competition among producers. This competition has led to innovations in products, lower prices for consumers and increased efficiency in production. However, it has also led to job losses in some sectors and increased inequality.