what are the merits and demerits of liberalisation
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Merits :
1. It creates jobs for many people.
2. The competition increases so the consumer gets better quality at lower rates.
3. MNCs buy land and develop cities increasing the value of land thus increasing prosperity.
4.Offer more options to the consumer.
Demerits :
1. Labour laws are alterable by the MNCs.
2. MNCs with foreign funding will overtake indian Business Companies.
3. The local kirana stores and small shopkeepers are affected.
4. People can be fired without reason after paying a certain amount of money.
5. Profit Oriented and Not socially-responsible
1. It creates jobs for many people.
2. The competition increases so the consumer gets better quality at lower rates.
3. MNCs buy land and develop cities increasing the value of land thus increasing prosperity.
4.Offer more options to the consumer.
Demerits :
1. Labour laws are alterable by the MNCs.
2. MNCs with foreign funding will overtake indian Business Companies.
3. The local kirana stores and small shopkeepers are affected.
4. People can be fired without reason after paying a certain amount of money.
5. Profit Oriented and Not socially-responsible
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