Question

Impact of globalisation

Answer 1

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Answer 2

It has benefitted many companies who have been successful in collaborations to successfully open their production units abroad and these indian companies have become MNCs also.
Many small producers have also been able to expand their production by getting access to modern machinery and capitals
Whereas the unskilled and the local producers have got a negative impacts due to the tough competition.
The tertiary or the service sector has also expamded in contribution towards GDP and also in employment
The consumers have also got a new variety of goods at lower prices