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Questions
What are the positive aspects of Globalisation?
Answer the following question in 80 to 100 words:
Explain positive aspects of globalization.
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Solution
The Positive aspects of globalisation are:
- It creates more employment opportunities.
- It encourages free trade.
- It leads to a better choice of goods and services to the consumer.
- It leads to wider investments in developing countries.
- It enhances the efficiency of the tertiary sector i.e., banking and finance.
- It increases the purchasing power of citizens and enhances their standard of living.
- It increases labour productivity and reduces the capital-output ratio.
- It helps to increase efficiency in the production system.
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