Political Science · Political Processes in India
Globalization results in:
ALesser competition among producers
BGreater competition among producers ✓ Correct
CNo change in competition among producers
DNone of the above
Correct answer: (B) Greater competition among producers — Globalization results in greater competition among producers, so that is the answer.
Explanation
★Globalization results in greater competition among producers, so that is the answer.
★Open markets bring in foreign goods and firms.
★Domestic producers must then compete with global rivals.
★This pushes them towards efficiency and lower prices.
★It can also strain weaker local producers.
★So competition clearly rises rather than staying the same.
★Thus the answer is greater competition among producers.
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