how was globalisation benefited both producer as well as consumers in India explain
Answers
Answer:
1) Globalisation has lead to greater choice for consumers who now enjoy greater quality with cheaper rates as a result standard of living has increased.
2) MNC's have increased their investments in developing countries like India which has lead to create more jobs and prospering the companies which provides raw materials
3) Several top indian companies have benefited as they have invested in new technologies and themselves have become a MNC
4) Globalisation has created new job opportunities in IT sector
5) A host of new services like engineering, accounting and data entry etc. Have expanded and their services are being exported.
Explanation:
Answer:
Globalisation proves so much helpful to both producers and consumers.
Explanation:
1.Globalisation brought a variety of choices before consumers. For that only, now we can get our needs in affordable prices.
2.It also helped to make our country a developed one. It has lower down the rate of unemployment in the country.
3.It has also helped to create various sectors in primary, secondary and tertiary levels. Recently, IT sector also developed.
Hence, we can say that Globalisation benefited bith producers and consumers.