Answer:
(i) Globalisation and greater competition among producers?both local and foreign?have been of advantage to consumers, particularly the well-off sections in the urban areas. (ii) There is a greater choice before these consumers who now enjoy improved quality and lower prices for several products. (iii) As a result, these people today enjoy much higher standards of living than was possible earlier.
You need to login to perform this action.
You will be redirected in
3 sec
