Question

0. 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 arguments?

CLASS -10 (SOCIAL SCIENCE) ECONOMICS ,CHAPTER:-4 , EXERCISE-QUESTION-10 ;PAGE NO:72​

Answer 1

Answer:

Globalization has both positive and negative effects.

Explanation:

positive effects

1. MNCs have brought new employment opportunities

2. Consumers have got more choices

3. It has increased competition and forced manufacturers to improve the quality of their products

Negative effects

1. Local industries have perished.

2. Many people lost their employment as Indian companies were not able to compete with MNCs

3. Wages came down due to competition