Question

In what ways has competition affected workers, Indian exporters and foreign MNC's in the garment industry?

Need an elaborated answer.
for 5 marks​

Answer 1

Talking about the garment industry which is one of the sought after industries(in India) and

1. Competition has affected the workers in terms of Skills. Due to competition there is a demand for Skilled workers than Unskilled workers.

2. Indian exporters will get affected because competition will reduce the demand from other countries because the will get the same product at Low Cost.

3. MNC will face a huge threat due tp cut throat competition..

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