Question

Explain the positive and negative impact of globalisation. {5 points each}

Answer 1

Positive effects
•Consumers get large variety of goods at correct rate.
•It increases the technological facilities.
•It generates employment.
•Big industries becomes Multinational Companies.
•Enhances the Lifestyle of the people

Negative impact
•Small scale industries faces loss due to products provided by multinational company at extraordinary low price.
•Small industries might have to shut down.
•Workers are paid less.
•Changes are made in labour laws which affects the life of worker.
•It makes rich richer and poor poorer.


HOPE THIS HELPS!

Answer 2

Positive :-

1) It leads to development of region. Or increased challenge in the market

2)Globalisation helps in facing the local products in international market

3) Globalisation helps in getting the best product for best price as so many sellers introduce their best cheap rates so that we would prefer them