what are the advantages of global trade or globalization?

0 ⤊

2007-03-01 16:56:14 · 2 answers · asked by jareen 1 in Social Science ➔ Economics

Advantages:
Lower prices
Better goods
More jobs
overall efficiency increases
more competition
more innovation

2007-03-03 05:16:30 · answer #1 · answered by Santa Barbara 7 · 0⤊ 0⤋

it means we can utilise the cheapest labor on the globe.However i heard that with the money being saved companies can create new jobs here at home.

2007-03-05 15:13:39 · answer #2 · answered by Maka 7 · 0⤊ 0⤋