Use app×
Join Bloom Tuition
One on One Online Tuition
JEE MAIN 2025 Foundation Course
NEET 2025 Foundation Course
CLASS 12 FOUNDATION COURSE
CLASS 10 FOUNDATION COURSE
CLASS 9 FOUNDATION COURSE
CLASS 8 FOUNDATION COURSE
0 votes
10.4k views
in Economics by (48.4k points)

How has globalisation been advantageous to both the producers as well as the consumers in India? Explain.

1 Answer

+3 votes
by (52.4k points)
selected by
 
Best answer

Advantages of globalisation for consumers: 

  • They have greater choice. 
  • Better quality of products are available for consumption due to competition. 
  • It has reduced the cost of goods and services considerably. 

Advantages of globalisation to producers: 

  • They now have access to international markets for their products. 
  • They have easier access to foreign investment to enhance their production,
  • Collaboration with MNCs have added up their performance and profits.

Welcome to Sarthaks eConnect: A unique platform where students can interact with teachers/experts/students to get solutions to their queries. Students (upto class 10+2) preparing for All Government Exams, CBSE Board Exam, ICSE Board Exam, State Board Exam, JEE (Mains+Advance) and NEET can ask questions from any subject and get quick answers by subject teachers/ experts/mentors/students.

Categories

...