One major economic benefit of global competition is


Saved 28 One major economic benefit of global competition is
lower unemployment. increased protection of domestic firms. pressure to innovate, more leisure opportunities.

Answer

Answer: OPTION C: pressure to innovate Reason: When there is global competition, products are available from all across the globe for consumers to buy. They have a variety of options with them. Hence, if the economy does not innovate an dbring better products, it will lose its customers and there will be loss of market share. People will buy imported products. Hence, global competitions brings innovation and hence economic growth and development.

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