give 1 impact of globalization on producers and consumers
Answers
Answered by
7
The following points may help you>:
a. Local producers: Positive : Globalization has brought about increased inflow of foreign capital, MNCs provide employment opportunities to the masses and local companies supplying raw material to these industries have
prospered.
MNC's have entered into joint production with several local companies. The MNCs provide efficient managerial and advanced technology for faster production and efficient use of resources.
However, on the other hand , small scale industries had to shut down because of their inability to cope with foreign brands leading to unemployment,Large MNCs in developed countries place orders for production with small producers. Examples are Garments, footwear, sports items etc. The products are supplied to the MNCs, which then sell these under their own brand names to the customers.
b. To consumers- There is a greater choice for consumers, with a variety of goods and at cheap prices, in terms of cell phones, electronic products etc.
There are a large number of brands today available to us offering wide variety to people, Greater connectivity, through internet, social networking sites. However, Globalisation has created wide disparities as not all of us can afford global brands. It has created a section of people who indulge in lavish consumerism.
a. Local producers: Positive : Globalization has brought about increased inflow of foreign capital, MNCs provide employment opportunities to the masses and local companies supplying raw material to these industries have
prospered.
MNC's have entered into joint production with several local companies. The MNCs provide efficient managerial and advanced technology for faster production and efficient use of resources.
However, on the other hand , small scale industries had to shut down because of their inability to cope with foreign brands leading to unemployment,Large MNCs in developed countries place orders for production with small producers. Examples are Garments, footwear, sports items etc. The products are supplied to the MNCs, which then sell these under their own brand names to the customers.
b. To consumers- There is a greater choice for consumers, with a variety of goods and at cheap prices, in terms of cell phones, electronic products etc.
There are a large number of brands today available to us offering wide variety to people, Greater connectivity, through internet, social networking sites. However, Globalisation has created wide disparities as not all of us can afford global brands. It has created a section of people who indulge in lavish consumerism.
Answered by
2
Answer:
hi
Explanation:
my name is ojas......................
Similar questions