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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 Economy3 Marks
Question
Explain any three advantages of globalisation.
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Answer

Advantages of Globalisation
  1. Globalisation has been an advantage to consumers.There is greater choice for consumers.
  2. People enjoy much higher standards of living.
  3. Employment has been created.
  4. Many top Indian companies have emerged as MNCs themselves.
  5. Latest technology brought by MNCs increased the standard of production.
  6. Provides new opportunities for companies providing services like IT.
  7. Globalisation is the process of rapid integration among countries.
  8. More and more goods and services, investments and technology removing among countries.

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