Question

describe the impact of globalization on small producers ​

Answer 1

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The impact of globalization on small producers are :-

(i) Globalisation encourages competition. Big industries and companies have been able to compete, but the small producers were hit badly.

(i) Globalisation encourages competition. Big industries and companies have been able to compete, but the small producers were hit badly. (ii) They could not stand the competition and had to shut down. Some industries like batteries, capacitors, plastics, toys, tyres, dairy products and vegetable oils are the industries which have suffered a lot.

(i) Globalisation encourages competition. Big industries and companies have been able to compete, but the small producers were hit badly. (ii) They could not stand the competition and had to shut down. Some industries like batteries, capacitors, plastics, toys, tyres, dairy products and vegetable oils are the industries which have suffered a lot. (iii) Due to this, a lot of people lost their jobs and faced unemployment.

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Answer 2

Impacts of Globalization

Small producers were unable to compete with MNCs

They were unable to sell their products at competitive prices

They lost the market because cost of production cannot be reduced to lower the price of the product.

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