Supposing you find two people arguing: One is saying globalisation has hurt our country’s development. The other is telling, globalisation is helping India develop. How would you respond to these organisations?
Globalization has come with both advantages and disadvantages in our country.
- The advantages of increased globalization are:
- Increase in the volume of trade
- Increase in the employment opportunities
- Increase in variety of goods in the market, for the buyers to choose from
- Improvement in the quality of goods due to increased competition in the market. The disadvantages of increased globalization are:
- Small scale industrialists may not be able to compete with those international enterprises and earn much profit.
- Workers are employed flexibility hence they do not get job security.
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Welcome to the NCERT Solutions for Class 10 Social Science - Understanding Economic Development - Chapter . This page offers a step-by-step solution to the specific question from Excercise 1 , Question 10: Supposing you find two people arguing: One is saying globalisation has hurt our country’s deve....
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