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What are the impact of globalisation |
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Answer» On producers :- 1) MNCs are profitted, so they increase foreign investment. 2) Local companies who are under MNCs also profitted through FDI. 3) Companies which provide services like data entry, accountancy enjoy profits. 4) Indian companies like Tata motors and Infosys emerged as MNCs. 5) Global companies also profitted, so they increased the production standard. On workers :- 1) Flexibility in labour laws. 2) Low wages. 3) No job security. On consumers :- 1) Greater choice of goods. 2) They are able to enjoy better quality goods at lower price. 3) Higher standard of living. |
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