How do we feel the impact of globalization on our daily life
Globalization and Indian Economy (10)How do we feel the impact of globalization on our daily life ? Explain with examples.
Answer
Impact of Globalization:
- Globalization and greater competition among producers has been of advantage to consumers.
- Greater choice before consumers.
- Availability of standard quality products at lower price.
- Improvement in living standard.
- Foreign investments have increased in many areas like cell phones, auto mobiles, electronics, soft drinks etc.
- New job have been created.
- Several of the units have shut down rendering many workers jobless.
- Globalization has also created insecurity of job.
Exam Year:
2018
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