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26.04.2021, adminAll the answers have been structured as per the CBSE guidelines. You can read all these solution in online mode or save them in PDF format and refer to economy 10th ncert pdf android same in offline mode as.
All the answers are Lorem lpsum 342 boatplans/yacht/mahogany-yacht-varnish-us check this out with the accurate and the simplest explanations. This will help you easily understand and learn these answers and do well in your examinations. What do you understand by globalisation? Explain in your own words. Globalisation is defined as the integration between countries through foreign trade and foreign investments by multinational corporations MNCs.
Increase in foreign trade, migration of people, spread of technology, capital flow, private and public investments from foreign countries all together contribute to globalisation. Globalisation has been facilitated by several factors like rapid improvements in technology, liberalisation of trade and investment policies and, economy 10th ncert pdf android from international organisations such as the WTO.
What was the reason for putting barriers to foreign trade and foreign investment by the Indian government? Why did it wish to remove these barriers? The Indian government, after Independence, had put barriers Lorem lpsum 342 boatplans/fishing-boat/new-12-foot-fishing-boats-quiz check this out foreign trade and foreign investment. This was done to protect the producers within the country from the foreign competition especially when industries had just started to come up in the s and s.
But later, in s, the government accepted that foreign competition would encourage Indian industrialists to improve the quality of their products and economy 10th ncert pdf android these barriers would increase trade and quality of products produced in the country. Flexibility in labour law helps companies to attract foreign investments.
Instead of hiring workers on a regular basis, companies hire workers flexibly economy 10th ncert pdf android short periods when there is intense pressure of economy 10th ncert pdf android. Company heads can negotiate wages and terminate the employees depending on market conditions.
This will lead to an increase in the company's competitiveness and reduce its labour cost. What are the various ways in which MNCs set up, or control, production in other countries? Why do developed countries Lorem lpsum 342 boatplans/cruise/penn-yan-boats-good-kitchen this web page developing countries to liberalise their trade and investment?
What do you think should the developing countries demand in return? Developed countries Lorem lpsum 342 boatplans/model/model-ship-building-tools-canada-machine-learning learning tools machine building ship model canada developing countries to liberalise their trade and investment so that their own companies economy 10th ncert pdf android establish their business in the developing countries.
The manufacturing costs are less in the developing nations due to the availability of cheap labour and other resources at low cost. Therefore, MNCs belonging to the developed nations on setting up industries in the less-expensive developing nations can earn huge profits. Also setting up factories and industries in developed countries increases competition. The developing countries should, in turn, ask for a fair removal of trade barriers in order to protect their own industries.
The impact of globalisation has not been uniform because it has benefitted only the rich and developed countries. The developing countries are only a source of setting industries and getting cheaper labour and the entire profits are earned by the developed countries.
Workers are now employed flexibly in the face of growing competition. This economy 10th ncert pdf android reduced their job security. How has liberalisation of trade and investment policies helped the globalisation process? The liberalisation of trade and investment policies helped the globalisation process in the following ways:. How does foreign trade lead to integration of markets across countries? Explain with an example other than those given. Because of foreign trade, the producers are now able to compete and export their goods to the markets of other countries.
Not just the sellers, but the buyers are also being benefitted through. Their choices have expanded as now they get to choose products manufactured by not only domestic companies but also by the foreign companies. Due to the increased competition in the market the prices of the goods have also decreased.
For example, the Indian market today is flooded with several varieties of smart phones of foreign brands at competitive prices. This has benefited the consumers as they can choose from various options available in the market on the basis of comparing their features and prices.
Globalisation will continue in the future. Can you imagine what the world Ncert Physics Class 10th Pdf Android Lorem lpsum 342 boatplans/byjus/byjus-class-8-maths-rd-sharma-co byjus class 8 maths rd be like twenty years from now? Give reasons for your answer. This will occur because, twenty years from now, we will find further strengthening of the forces of globalisation. Liberalisation will get augmented and trade barriers will further be reduced. MNCs will converge with other companies producing the same goods.
The other is telling, globalisation is helping India develop. Economy 10th ncert pdf android would you respond to these Lorem lpsum 342 boatplans/boats/forrest-wood-new-boats-review http://myboat342 boatplans/boats/forrest-wood-new-boats-review.html Indian buyers have a greater choice of goods than they did two decades. Markets in India are selling goods produced in many other countries. Moreover, the rising number of brands that we see in the markets might be produced by MNCs in India.
This is closely Economy 10th Ncert Pdf View associated with the process of globalisation. This means there is increasing trade with other countries.
MNCs are investing in India because of cheaper production costs. While consumers have more choices in the market, the effect of rising demand and purchasing power has meant greater competition among the producers. Jagranjosh Education Awards Click here if you missed it! This website uses cookie or similar technologies, to enhance your browsing experience and provide personalised recommendations. By continuing to use our website, you agree to our Privacy Policy and Cookie Policy.
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