28. Cheaper imported goods is one of the
reason behind:
Please select the correct option.
2 points
O Growing unemployment
O Unbalanced growth
O Slow down of industrial growth
O Lower growth rate
Answers
Answer:
your answer is
slow down of industrial growth
Hope it helps you
Cheaper imported goods is one of the reason behind:
O Growing unemployment
O Unbalanced growth
O Slow down of industrial growth
O Lower growth rate
The correct answer is :
O Slow down of industrial growth
Explanation :
Cheaper imported goods is one of the reason behind is slow down of industrial growth.
Due to globalisation, capitalisation has taken place in all the developed countries of the world.
As a result, the domestic industry gets affected due to imports. The demand for domestic goods is also affected due to cheap imports and domestic manufacturers have to compete with imported goods.
Therefore, if cheap imported goods are continuously coming into a country, then the main reason for this may be the slow pace of industrial development.
Too much import does not indicate a positive in any country's economy. This leads to the flow of capital out of the country.
On the contrary, due to more exports, capital flows inwards and the economy of the country is strengthened.
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