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Which of these is a disadvantage of Globalization?Select one:a.Increased Income And Better Opportunities For Employmentb.Globalisation Kills Domestic Industries/Businessc.Cultural Exchangesd.Availability Of Better Quality Products At Low Prices

Question

Which of these is a disadvantage of Globalization?Select one:a.Increased Income And Better Opportunities For Employmentb.Globalisation Kills Domestic Industries/Businessc.Cultural Exchangesd.Availability Of Better Quality Products At Low Prices

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Solution

The disadvantage of Globalization from the options provided is: b. Globalisation Kills Domestic Industries/Business. This is because globalization can lead to increased competition from foreign companies, which can cause domestic industries to struggle or even go out of business.

Similar Questions

What is a major advantage of globalization?A.Economies around the world no longer have to deal with inflation.B.Fewer companies are creating pollution by shipping goods long distances.C.Businesses are able to sell products to customers around the world.D.Consumers are able to support their local economies more easily.

One of the major negative effects of globalization is:A.economic problems caused by decreasing global trade.B.businesses having less access to foreign labor markets.C.fewer countries having access to communication technology.D.increased environmental damage from burning fossil fuels.

What is one major drawback of globalization?A.Businesses have access to fewer markets when selling their products.B.Environmental regulations have gotten in the way of economic growth.C.Inflation rates have declined significantly because of increased global trade.D.Increased competition can harm businesses in developing countries.

Which of these is not a component of Globalization?Select one:a.Globalisation Of Businessb.Globalisation Of Productionc.Globalization Of Cultured.Globalisation Of Investments

Which of the following is a concern associated with globalization?Aexploitation of workersBfinancial marketsCdecreased specialization of laborDdecreased comparative advantages

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