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Principles of Economics 2e

2nd Edition
Steven A. Greenlaw; David Shapiro
ISBN: 9781947172364

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BuyFindarrow_forward

Principles of Economics 2e

2nd Edition
Steven A. Greenlaw; David Shapiro
ISBN: 9781947172364
Textbook Problem

Can you think of ways that globalization has helped you economically? Can you think of ways that it has not?

To determine

Provide the ways in which globalization has helped and not helped us economically.

Explanation

The globalization has helped us in the sense:

1. That it has provided us the opportunity to purchase (sell) the goods and services from (to) rest of the world.

2. The competition among firms has increased which has decreased the prices of various goods

3. And improved its quality which has benefitted the consumers

On the other hand, the ways in which the globalizat...

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