answer the following questions... correctly.
Answers
Explanation:
ANSWER 1
World Trade Organization (WTO) is the only international organization dealing with the global rules of trade. Its main function is to ensure that trade flows as smoothly, predictably and freely as possible.
Free Trade benefits developed countries more than developing countries. ...
Most favoured nation principle. ...
Failure to reduce tariffs on agriculture.
ANSWER 2
A wide range of goods is available in the Indian markets as a result of globalization.
1. Globalisation has led to the large-scale integration of the markets around the world. Goods and services provided by different countries are now available in the Indian markets, thus, giving a variety of choices to the consumers in India.
2. The investment by Multinational Corporations (MNCs) in industries such as cell phones, automobiles, electronics, and fast food services etc. has made the latest variety of various goods easily available.
3. Various foreign brands such as Sony, Samsung, Apple, MI etc. have become extremely popular amongst the Indian consumers.