globalisation has proved to be advantageous for Indian economy on the account of
Answers
Answer:
The term Globalisation refers to the integration of the economy of the nation with the world economy; it is a multifaceted aspect. It is a result of the collection of multiple strategies that are directed at transforming the world towards greater interdependence and integration. It includes the creation of networks and pursuits transforming social, economic and geographical barriers. Globalisation tries to build links in such a way that the events in India can be determined by events happening distances away.
To put it in other words, Globalisation is the method of interaction and union among people, corporations and governments universally.
Explanation:
Answer:
1. greater competition among producer
2. has created monopoly and in indian market