SSC MTS EXAM

Detailed explanation-1: -Globalization results in increased trade and lower prices. It heightens competition within domestic product, capital, and labour markets, as well as among countries adopting different trade and investment strategies.

Detailed explanation-2: -Globalisation has been positive by improving the quality of life in many countries. On the other hand, there have been negative impacts of globalisation, such as increased global inequality, increased corruption, loss of jobs and environmental degradation, to name a few.

Detailed explanation-3: -Globalization causes rapid flow of people, products and information, which menaces the minority society, particularly their cultural heritage. Study shows that many indigenous languages and cultures are on the verge of becoming extinct due to globalization.