Economy, asked by avisinghsandhu6232, 1 year ago

The impact of globalisation has not been uniform . Demonstrate with the help of the examples

Answers

Answered by Anonymous
11

\huge\mathfrak{Answer:-}

⭕ To small producers of India globalization was a threat.It destroyed their local business which was basis of their income.Their small business collapsed resulting in unemployment.

⭕ However for the consumers , it is an opportunity to reach market of foreign countries, beyond their own country.✔️✔️

⭕ It provides them a choice between two products.

⭕ Also in countries, globalization has increased GDP.It is a sign of development.✔️✔️

⭕ On the other hand it has introduced competition in market.This has lead to improved quality of product.

\huge\mathfrak{ Thank  You :)}

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