Question

What are the implication of Globalization?

Answer 1

It has three implications like the flow of trade in goods and services, flow of labour, (migration of people in search of employment), and flow of capital for short term or long-term investments over long distances.

Answer 2

In general, globalization decreases the cost of manufacturing. This means that companies can offer goods at a lower price to consumers. The average cost of goods is a key aspect that contributes to increases in the standard of living. Consumers also have access to a wider variety of goods