Q. 184.9( 7 Votes )

Explain any three

Answer :

Three advantages of globalization:

1. Consumers now enjoy numerous choices, better quality and lower prices for most of the products.


2. Numerous jobs have been created by the work of the MNCs and local companies collaborating with them also have earned huge profits.


3. Many top Indian companies have improved technology and production methods due to competition. Some of them have become MNCs themselves like Infosys and Ranbaxy.


Explanation: Globalisation has had numerous effects in many ways but has mainly benefitted the economy as a whole, specifically the industrial sector.


Rate this question :

How useful is this solution?
We strive to provide quality solutions. Please rate us to serve you better.
Related Videos
All GrammarAll GrammarAll Grammar41 mins
Try our Mini CourseMaster Important Topics in 7 DaysLearn from IITians, NITians, Doctors & Academic Experts
Dedicated counsellor for each student
24X7 Doubt Resolution
Daily Report Card
Detailed Performance Evaluation
caricature
view all courses
RELATED QUESTIONS :

How can consumersSocial Science - Board Papers

On the given poliSocial Science - Board Papers