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Globalisation by connecting countries leads to:
  • a)
    lesser competition among producers
  • b)
    greater competition among producers
  • c)
    no competition between producers
  • d)
    none of these
Correct answer is option 'B'. Can you explain this answer?
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Globalisation by connecting countries leads to:a)lesser competition am...
Globalisation and Competition among Producers


  • Increased Connectivity: Globalisation connects countries through trade, investment, and technology transfer.

  • Access to Larger Markets: Producers now have access to larger global markets due to reduced trade barriers.

  • Greater Competition: With increased connectivity and access to global markets, producers face greater competition from both domestic and international competitors.

  • Efficiency and Innovation: Competition among producers drives efficiency and innovation as companies strive to differentiate themselves and offer better products and services.

  • Consumer Benefits: Increased competition often leads to lower prices for consumers and a wider variety of choices.

  • Challenges for Small Producers: While globalisation can benefit larger producers, small producers may struggle to compete with larger companies that have greater resources and economies of scale.


Therefore, globalisation leads to greater competition among producers, pushing them to constantly improve and innovate to stay competitive in the global marketplace.
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Globalisation by connecting countries leads to:a)lesser competition among producersb)greater competition among producersc)no competition between producersd)none of theseCorrect answer is option 'B'. Can you explain this answer?
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Globalisation by connecting countries leads to:a)lesser competition among producersb)greater competition among producersc)no competition between producersd)none of theseCorrect answer is option 'B'. Can you explain this answer? for Humanities/Arts 2024 is part of Humanities/Arts preparation. The Question and answers have been prepared according to the Humanities/Arts exam syllabus. Information about Globalisation by connecting countries leads to:a)lesser competition among producersb)greater competition among producersc)no competition between producersd)none of theseCorrect answer is option 'B'. Can you explain this answer? covers all topics & solutions for Humanities/Arts 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Globalisation by connecting countries leads to:a)lesser competition among producersb)greater competition among producersc)no competition between producersd)none of theseCorrect answer is option 'B'. Can you explain this answer?.
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