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Posted- 1273 days ago
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Due to globalisation the consumers have a variety of choice and can buy goods and commodities at a cheaper price .This way Globalisation is advantageous for consumers.But for the Industries in the country feel it difficult to compete with the MNCs which penetrate in the country with latest technology.Therefore,The countries within the country face losses.In this way Globalisation is disadvantageous to the companies within the country.



this is because thw WTO is dominated by economically rich countries that try to exploit the weaker countries by imposing their will on the latter. the rich countries take all major decisions in the WTO and the weaker countries have no say in the matter. due to this, in developing countries like india, many small-scale manufacturers and their employees have been badly affected. refer to the text book, there are many cheesy, but easy-to-understand examples that have been printed.