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Globalisation, by connecting countries, shall result in ______

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Question

Globalisation, by connecting countries, shall result in ______

Options

  • lesser competition among producers.

  • greater competition among producers.

  • no change in competition among producers.

MCQ
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Solution

Globalisation, by connecting countries, shall result in greater competition among producers.

Explanation:

Globalisation allows foreign companies and brands to easily enter domestic marketplaces. This forces domestic enterprises to compete directly with international producers, requiring them to improve quality and cut prices in order to survive.

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Chapter 4: Globalisation and the Indian Economy - Intext Questions [Page 62]

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NCERT Social Science Understanding Economic Development [English] Class 10
Chapter 4 Globalisation and the Indian Economy
Intext Questions | Q 3. | Page 62
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