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Unit 1 Ch 3 : The Making of a Global World — Social Studies STD 10 — Question

CBSE BoardEnglish MediumSTD 10Social StudiesUnit 1 Ch 3 : The Making of a Global World3 Marks
Question
The proverb 'Every coin has twosides', goes aptly with globalisation. Considering the same mention any two positive as well as negative sides of globalisation.
✓

Answer

  1. Good effect of globalisation: It resulted in greater competition among producers-both local and foreign. This improved the quality of the El product and lowered the prices.
  2. Bad effect of globalisation: For a large number of small producers and workers; globalisation posed major problems. These producers were not able to face the competition from large foreign producers and hence several production units shut down.

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