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प्रश्न
Answer the following question:
Explain any five effects of globalization.
उत्तर
Consumers benefit from globalization due to the following reasons:
- They benefit from the lower prices
- better quality of products arising from increased competition
- increases the purchasing power of an individual
- best practices of production get disseminated across political boundaries.
The following are the negative impacts of globalization:
- Low wages and long working hours in potentially hazardous conditions due to the requirement of cost-effective production.
- Uncertain terms of employment. Casual workers are hired on contract when demand is high and laid off when demand declines.
- Multinational companies are prone to shift their centers of production in accordance with the benefits they receive.
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संबंधित प्रश्न
Describe the impact of globalization on Indian economy with examples.
What are the two main ways of generating electricity? How are they different from each other? Explain.
What is globalisation?
How has information and communication technology stimulated the globalisation process? Explain with examples.
How would flexibility in labour laws help companies?
Globalisation will continue in the future. Can you imagine what the world would be like twenty years from now? Give reasons for your answer.
Supposing you find two people arguing: One is saying globalisation has hurt our country’s development. The other is telling, globalisation is helping India develop. How would you respond to these organisations?
Indian buyers have a greater choice of goods than they did two decades back. This is closely associated with the process of ______________. Markets in India are selling goods produced in many other countries. This means there is increasing ______________ with other countries. Moreover, the rising number of brands that we see in the markets might be produced by MNCs in India. MNCs are investing in India because _____________. While consumers have more choices in the market, the effect of rising _______________ and _____________ has meant greater _______________ among the producers.
How does foreign trade lead to integration of markets across countries? Explain with an example other than those given here.
Answer the following question.
How do we feel the impact of globalization on our daily life? Explain with examples.
