GK
INDIAN ECONOMY
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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lesser competition among producers
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greater competition among producers
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no competition between producers
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none of these
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Detailed explanation-1: -lesser competition among producers. greater competition among producers. no change in competition among producers. to establish monopoly of a super power.
Detailed explanation-2: -Globalisation and greater competition within the market have been of advantage to the consumers, particularly the well-off sections in the urban areas. 1. The consumers now enjoy the improved quality and lower prices for several products, thereby, leading to higher standards of living which were not possible earlier.
Detailed explanation-3: -Effect on small producers: Globalisation has hit the small producers because they are unable to compete with MNCs or the big producers or manufacturers. Several units have been shut down rendering many workers jobless. In India, From above description, it is clear that the impact of globalisation has not been uniform.