mireles4862 mireles4862
  • 04-05-2018
  • Social Studies
contestada

Why does globalization lead to a reduction in prices for goods and services?

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andriansp andriansp
  • 13-05-2018
I believe the answer is: Increased mobility allows producers to move jobs to lower-cost labor markets

In lower-cost labor markets, the producers could get more output of productions with lower overall salary.
This would lower the cost they need to make a single product, which make them able to sell them on a lower price and still obtain a profit



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erikadawn2001 erikadawn2001
  • 29-06-2020

Competition for jobs drives down wages, which helps companies lower their prices

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