globalization has both advantages and disadvantages explain three point in each case
Answers
Answer:
ADVANTAGES
1.Consumers (Particularly well off sections in urban areas)
Greater choice
Improved quality
Lowered pricesas a result people enjoy much higher standars of living than what was possible earlier.
2.MNCs
Increased investments in India means that investing in India has been benificial to them
Their products have a large no. of well off buyers.
New jobs have been created.
Local companies supplying raw materials have prospered.
3.Top Indian Companies
Benifit from increased competition.
Invested in newer technology and production methods.
raised thier production standards.
Gained from successful collaborations with foreign companies.
Enabled some companies to emerge as MNCs themselves.
4.IT companies
eg. Indian company producing magazine for london based company
Call centres
Administrative tasks ,data entry,accounting engineering are now being done cheaply and exported to other countries
DISADVANTAGES
1.Small producers
Have been hit hard due to competition
Several units had to shut down rendering many jobless
2.Employees
Growing competition forced employers to employ workers flexibly.
Jobs are no longer secure
In order to maximise profits worker are now employed on a temporary basis
They have to put in long hourss and work night shifts on a regular basis during peak season
Wages are low and workers are forced to work overtime to meet both ends meet
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Explanation:
Answer:
advantages:
1. consumers get the product they want at more competitive prices
2. companies get access to much water market
3.resources of different countries are used for producing goods or services the they are able to more efficiency.
Disadvantages
1. developed countries can still developmental of an developmental and develop and development countries.
2. it can be spread increase of communicable diseases.
3. economic depression is our country can be trigger adverse reaction across the global.