CBSE BOARD X, asked by sharmajikalaunda2004, 8 months ago

14. Aakashi
Aakash is a small producer who runs a business of manufacturing of batteries. He has many workers
in his company and supplies batteries to many industries. But after removal of restrictions on
imports of batteries, he is facing a huge loss as many of his clients has refused to purchase these as
they import batteries on half the price charged by Prakash. Thus, his business is about to close. Why
Prakash is facing such kind of situation? Who is responsible for this? Discuss.





plz tell ​

Answers

Answered by aayushiwalker
1

Answer:

The World Trade Organisation is responsible because it provides liberalisation to the developed nations and so the small national producers get affected the most as there occurs a severe competition in the market and people get to see a lot of variety of things in market at a cheaper rate.......

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