Question

“Globalisation by connecting countries results in greater competition among producers” Justify this statement

Answer 1

More and more mncs set up their production units in many countries this creates a wide variety of choices before the consumers and producers both

This results in greater competition among producers

Answer 2

globalisation includes the trade of goods among two or more countries. this poses a threat or a problem to the indian good manufacturers

let us take the example of china. the toys manufactured in china are way more cheap than the indian ones and the indian toys have a better quality than that of china thus they charge higher. this results in loss for the indian manufacturers. if the govt. of india imposes tax on these imported goods then even china will meet the same expenses as what indian manufacturers are presently having

hope it helps you