write about importance or advantages of industrialization
Answers
Answer:
Growth of industries leads to increase in production of goods and services which are available to people at cheaper rates. It reduces dependence on other countries and improves economy. It results in rising the standard of living. It creates new job opportunities helping in the removal of unemployment.
Answer:
The advantages of international business are as follows:
1) International business helps a nation to earn foreign exchange.
2) It help to increase the growth by widening the consumer base.
3) International business leads to specialisation. It helps to reduce wastage of resources and encourage nation to make optimum use of resources.
4) It makes available different variety of goods and services at reasonable prices to consumers, which in turn help to raise standard of living of consumers.
5) It helps in development of nation by way of exchange of technical know how between underdeveloped and developed nations.
6) It promotes international peace and rivalry by removing rivalry between different nations.