Question

state any three impact on globalisation

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Answer 1

Answer:

(a) improves the productivity and efficiency in the use of resources through the process of competition.

(b) Growth rate of economy has gone up with the increase in foreign investment and foreign technology in India.

(c) allows the consumers to enjoy a wider range of goods and services at a lower cost.

Answer 2

Answer:

1) Increased foreign investment in India. 2) Greater cultural exchange because of greater movement of the people. This has greatly helped the tourism sector in India. 3) Opening up of the Indian markets to foreign goods

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