Question

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notes of globalization and the indian economy


class-10
subject-economicst

Answer 1

Explanation:

Until the middle of the twentieth century, production was largely organized within countries.

2. Colonies such as India export the raw materials and food stuff and imported finished goods.

3. Trade was the main channel connecting distant countries. This was done before large companies called multinational corporation (MNCs) emerged on the scene.

4. An MNC is a company that owns or controls production in more than one nation.

5. MNCs set up offices and factories for production in regions where they can get cheap labour and other resources.

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Answer 2

Answer:

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