14, How have globalisation affected the small
producers ? Explain.
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Answered by
1
Answer:
Effect on small producers: Globalisation has hit the small producers because they are unable to compete with MNCs or the big producers or manufacturers. Several units have been shut down rendering many workers jobless. In India, small industries which employ about 20 million workers have been hit adversely.
Answered by
1
Answer:
(i) Small-scale producers have been adversely affected by globalisation because they are not able to compete with MNCs or other big producers. (ii) These small-scale producers could not keep their cost of production low and hence, they lost their markets.
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