Question

explain in what ways has competition affected workers, Indian exporters and foreign MNCs in the garment industries ? give me answer in simple words

Answer 1

Competition has affected workers, Indian exporters and foreign MNCs in the following itays
Workers
(i) Their jobs are no longer secure. They now work on a temporary basis.
(ii) They have to put in very ltng working hours.
(iii) Wages are low.
Indian exporters
(i) They get orders from MFCs at cheaper rates.
(ii) They try hard to cut theircosts.
(iii) They employ workers onlt on a temporary basis.
Foreign MNCs
(i) They are able to find thepteapest goods in order to maximise their profits.
(ii) Competition among the garment exporters has allowed these MNCs totnake large profits.

Answer 2

1.many small industries lose their support.
2. workers have to work hard, they have no job security.
3. Indian exporters have to have to joint their industry with MNCs