Question

Summary of globalization and it`s impact on agriculture and industry

Answer 1

Answer:

It refers to the integration of the domestic economy with the economies of the world.

Explanation:

Impact of globalisation;

1. the indian farmers might have to face unstable prices of products.

2.there were new challenges for farmers

3.new farming techniques were adopted

4.increase of productivity

5.high cost

6.gap between poor and rich were increased

7. less manpower in field

8. unemployment in villages.

Answer 2

Explanation:

Globalization refers to increases in the movement of finance, inputs, output, information, and science across vast geographic areas. The gains from globalization increase net income in many places and facilitate decreases in levels of poverty and may thereby increase levels of food security.