Question

Long Answer (LA) Type
15
Explain the good and bad effects of globalisation on Indian industry
16.
In what ways are MNCs different from national companies? Explain by giving three reason
17. Explain the whole process in which an MNC works.​

Answer 1

Answer:

Positive effects of globalisation on Indian economy: The growth of foreign investment is enormous in the country in all sectors of development. Has a tremendous impact on the social, monetary, cultural, and political area. ... The Indian economy and the standard of living of an individual has increased.

Explanation:

MNCs have regional offices in different parts of the world. National companies are concentrated within a country. MNCs have to control production in different parts of the country while national companies need to control its production activities within the particular country.

Multi-National Corporations are large companies established in a particular country and has offices, markets and produces and sells its products in many countries. ... MNCs operate in many different countries. They have a very vast marketing network. Their assets may be diversified in many countries.

Answer 2

Answer:

15.Further, globalization also means that countries liberalize their visa rules and procedures so as to permit the free flow of people from country to country. Moreover, globalization results in freeing up the unproductive sectors to investment and the productive sectors to export related activities