How was production organised until mid 20 th century in chapter globalisation Class10 economics
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1.untill the mid 20th century production was largely organized with in country.
2.what crossed country was raw material food stuffs and finished products. India exported food stuffs and raw materials.
3.trade connected two different countries but till 20th century trade was within country. This was the time before mncs joined the scene.
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Answer:
- Until the mid of 20th century, the goods were produced, and organized within a country.
- Colonial countries such as India, exported raw materials and food stuff to mainly Britain and imported finished products.
- Trade was the main channel connecting distant countries for transportation of goods.
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