によって Hifsah Nadeem 7年前.
273
Impacts of Globalization
Globalization influences both economic growth and societal conditions across the globe. On the positive side, it can drive down prices, making products more affordable and boosting consumer demand.
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Impacts of Globalization Negative Impacts If an economy has a downfall or struggle, then it will effect the entire global economy Cultural Homogenization {meaning loss of cultual diversity) Inequality Unemployment They also have been accused of not caring for the environment Multi-nations like Coco Cola, Nike have been accused of unfair working conditions and social justice Multi-nations Positive Impacts With competition, companies tend to look for better ways than there competitor to market their product. Anytime their is competition in the market that is a good sign for consumers because it mean that the quality of the goods/services is valuable. Increased Competition There is an equilibrium between what buyer are willing pay for a good/services and what sellers are willing to sell for a good/services Some markets lower their selling price which results in increased demand and affordability Efficient Markets
