Question

Explain in what ways has competition
affected workers, Indian exporters and
foreign MNCs in the garment industry. (OR)
State any five ways in which globalization
and the pressure of competition have
changed the lives of workers substantially.
10:12 am
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Android Applicatio​

Answer 1

$\huge\bold{Question}$

Explain in what ways has competition

affected workers, Indian exporters and

foreign MNCs in the garment industry

$\huge\bold{Answer}$

Workers have lost their permanent jobs.Faced with growing competition most employers prefer to employ workers 'flexibly'. It means that jobs are no longer secure. Wages are low and workers have to put in long hours of work. India's exporters are facing tough competition and try hard to cut down their cost of production to remain in competition. MNCs are financially strong & are successfully managing production.