How do we feel about the impact of globalisation on our daily life? Explain with examples.
Answers
Explanation:
(i) Globalization and greater competition among producers has been of advantage to consumers. (ii) Greater choice before consumers. (iii) Availability of standard quality products at lower price. ... (iv) Globalization has also created insecurity of job.
Answer:
Impact of Globalization:
●Globalization and greater competition among producers has been of advantage to consumers.
●Greater choice before consumers.
●Availability of standard quality products at lower price.
●Improvement in living standard.
●Foreign investments have increased in many areas like cell phones, auto mobiles, electronics, soft drinks, etc.
●New job have been created.
●Several of the units have shut down rendering many workers jobless.
●Globalization has also created insecurity of job.