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Why does globalization lead to a reduction in prices for goods and services?
Wiki User
∙ 15y ago
Competition for jobs drives down wages, which helps companies lower their prices.
Wiki User
∙ 15y ago
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The process of globalization involves an increase in what?
The mobility of goods, services, labor, and capital
What means that the countries must depend on each other for goods and services?
Globalization
What determines the prices of goods and services in the product market?
Supply and demand. Supply and demand determines the prices of goods and services in the market.
Who decides on the prices of goods and services in china?
Ryan radebe
Who decides distribution methods and prices for goods and services in UK?
i need answers
What happens when there is an increase in prices for goods and services combined with a reduction in the value of money?
When there is an increase in prices for good and services combined with a reduction in the value of money it is known as inflation.
The process of globalization involves an increase in what?
The mobility of goods, services, labor, and capital
What means that the countries must depend on each other for goods and services?
Globalization
What determines the prices of goods and services in the product market?
Supply and demand. Supply and demand determines the prices of goods and services in the market.
An overall rise in the prices of goods and servies?
Inflation is an overall rise in the prices of goods and services. When the usual price level rises, each unit of currency buys fewer services and goods.
What does a government do in a socialist country?
set prices for goods and services
Who decides on the prices of goods and services in china?
Ryan radebe
What does the government do in the socialist country?
set prices for goods and services
What are medieval blacksmith prices?
There may have been monetary costs, but just as often as not tradesman used barter as a means to exchange services for services, goods for services or goods for goods. In other words, they traded.
What effect can consumers behavior have on you?
You will pay higher prices on goods and services.
Is when a central authority controls prices and production of goods and services?
A command economy
What effect can unethical consumer behavior have on you?
You will pay higher prices on goods and services.
