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Single Answer MCQ
Q-00015763

What is one consequence of globalisation for producers in different countries?

1

Reduced access to international markets

2

Increased competition among producers

3

Less variety of products

4

Limited technological exchange

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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. Increased competition among producers

Solution:

Globalisation increases competition among producers as businesses from different countries enter the same markets, challenging local producers.

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