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Single Answer MCQ
Q-00045540

What effect does globalisation have on competition among producers?

1

Decreases competition significantly

2

Increases competition due to market access

3

No effect on competition levels

4

Encourages monopolies in local markets

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Sandeep Chaturvedi

Sandeep Chaturvedi

CBSE Social Science & Humanities Reviewer

Social science and humanities educator with 14+ years of experience reviewing CBSE SST, economics, commerce, arts, and vocational content.

M.A. HistoryM.A. Political ScienceB.Ed.

Answer and Solution

Answer

B. Increases competition due to market access

Solution:

Globalisation increases competition as producers have access to larger markets, leading to more options for consumers and competitive pricing. Lower competition contradicts the essence of globalisation.

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