The main effect of globalization is the loss of domestic jobs due to the globalization economy becoming an open market and there is no restriction on the markets. So the correct option is B.
Globalization is the process by which people and goods can move without any hurdles across the border. Globalization decreases the cost of manufacturing and increases global trade.
Globalization creates a great opportunity for the big firms to establish a manufacturing unit in the least developed countries to capture the market. There is more flow of capital, human resources, technology in under developing countries.
Therefore due to globalization world market become a family.
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