Answer:
Globalisation
and greater competition amongst the producers has been of advantage to
consumers because
(a) Companies have invested in new
technology to raise their production quality to compete with the MNCs, thus
ensuring that consumers get better A quality products.
(ii) Prices of goods have gone down due to competition.
(iii) Indian companies have collaborated with MNCs to
produce more functional products, thus benefiting the consumer.
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