Some patent goods of india are found in some prominent business houses of World because
À) GLOBALIZATION
B) PRIVATIZATION
C) INDUSTRIALIZATION
D) LIBERALIZATION
PLEASE ANSWER FOR 20 POINTS
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Some goods are patented in India by prominent business houses of World because of Privatization and to a point because of Liberalization.
The Privatization is mainly increasing to a greater extent due to political corruption due to which funds to patent the product can not be raised. Thus the Government of India allows private business houses to patent the product and sell it at higher prices.
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Some patent goods of India are found in some prominent business houses of the world because of Globalization.
Option: A
Explanation:
- Globalization has helped with the integration of the economy where countries from different parts of the world are taking part in the trading of goods and services in the global markets.
- Due to liberalization and privatization, there are goods that are patented in India by prominent business houses of the world because of the liberal policies of the government.
- Globalization has led the companies to enter the global markets and market their products.
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