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Question
State whether the following statement are true or false with reason.
There is only positive impact of globalisation.
Solution
False
Reasons:
Although globalisation is associated with various benefits, it has certain negative effects. These negative effects include:
- Adverse impact on small scale industries and village artisans
- Widened socio-economic disparities
- Difficulty in maintaining work-life balance
- Adverse changes related to lifestyle patterns
- Increased profiteering
- Development of materialistic attitude
Hence, there is positive as well as negative impact of globalisation
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