SSC
INDIAN ECONOMY
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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True
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False
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Either A or B
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None of the above
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Detailed explanation-1: -Answer: False. Globalization and competition among producers are beneficial to the consumers.
Detailed explanation-2: -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.
Detailed explanation-3: -Globalisation has resulted in greater competition among the producers. The growth of MNCs has increased the competition very rapidly. Producers in the home countries compete with the foreign producers and products thus improving the quality of the goods and services produced.