13. Explain any two advantages of globalisation to the Indian Economy.
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i) Globalisation has resulted in greater competition among producers-both local and foreign. This has improved the quality of products and lowered the prices.
(ii) A wider variety of goods are available in the market for consumers.
Answered by
2
i) Globalisation has resulted in greater competition among producers-both local and foreign. This has improved the quality of products and lowered the prices.
(ii) A wider variety of goods are available in the market for consumers.
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