In what ways has competition affected workers, Indian exporters and foreign MNC( MULTINATIONAL COOPERATION) in the garment industry?
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Explanation:
Competition has affected workers, Indian exporters and foreign MNCs in the following types Workers
(i) Their jobs are no longer secure. They now work on a temporary basis.
(ii) They have to put in very ltng working hours.
(iii) Wages are low.
Indian exporters:
(i) They get orders from MFCs at cheaper rates.
(ii) They try hard to cut theircosts.
(iii) They employ workers onlt on a temporary basis.
Foreign MNCs:
(i) They are able to find the cheapest goods in order to maximise their profits.
(ii) Competition among the garment exporters has allowed these MNCs to make large profits.
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