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Unit 4 Ch 4 : Globalization and the Indian Economy — Social Studies STD 10 — Question

CBSE BoardEnglish MediumSTD 10Social StudiesUnit 4 Ch 4 : Globalization and the Indian Economy5 Marks
Question
Describe the problems created by globalisation for small producers and workers.
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Answer

Problems created by globalisations for Small Producers and Workers:
  1. Tough competition with the Big Companies.
  2. Several small units are being shut down.
  3. Unemployment of Workers.
  4. Insecurity of Job.
  5. Small producers and exporters try hard to cut their cost due to competition.
  6. Workers are hired on temporary basis.
  7. Workers have to put in long working hours and work night shifts.
  8. Wages are low and forced to work overtime.
  9. Workers are denied their fair share of benefits brought about by globalisation.

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