Complete the following sentence about the effects of economic globalization.

Advances in transportation allow companies to source cheaper raw materials from foreign nations. This decreases the of production and allows to manufacture a higher volume of goods.

cost, producers

Explanation:

Advances in transportation allow companies to source cheaper raw materials from foreign nations. This decreases the cost of production and allows producers to manufacture a higher volume of goods.

Being able to source for cheaper raw materials as a result of advances in the transportation sector will lower the cost of producing goods. When the cost of producing goods are lowered, production companies or producers can produce higher volume of goods based on the same budget as when raw materials were not as cheap.