Globalisation and the Indian Economy in One Shot | Chapter 4 | Economics

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[@sruthi6236]

We only have what is globalization and impact of globalization right?? I mean that's what my school said.

[@Moon_girl1622]

Yeah plus G20 too

[@sruthi6236]

Oh, so it is for boards or just project or something.@@Moon_girl1622

[@naazimabano4437]

Not at all

[@naazimabano4437]

GLOBALISATION asses the following advantages ✨ It creates more emloyment opportunities for poorere section of society ✨ It hwlps in development for those countries .that are underdeveloped ✨ Globalistion is the rapid interconnection and integration of country with different other countries ✨ Globalisation helps in free trade for many companies ✨ Globalisation helps in pooling all resources together

[@gangeshlingamj9989]

spelling mistake

[@satyamjanagrade8639]

You are always my favorite teacher for social science mam always 💛💛💛

[@naazimabano4437]

Answer 2) MNCs are expanding their production in different ways by : 1 ) By competing with local companies 2) By placing orders with local companies 3) By improving their selling and producing goods and services skills ... For example the garment company , footwear , etc

[@_ANIME-WORLD]

WHAT IS MEANT BY TRADE BARRIER ? A trade barrier refers to any regulation or policy that restricts international trade, especially tariffs, quotas, licences etc.

[@naazimabano4437]

MNCS has played a vital role in globalistion process ✨These companies are in the search of locations that favour their trade ✨These companies controla and owns the trade ✨It increases the foreign yrade and foreign investments ✨These companies make their efforts to improve trade and raise a standard to increase them ✨ These companies have been competiting whith local companies even though they are far away

[@naazimabano4437]

Ma'am in our exam only the 2 topics are coming 🌟what is globalisation 🌟 factors affecting it ..... That's why I have done only this two topics

[@naazimabano4437]

Answer 3) MNCs choose to set up their factories at the certain areas due to following reasons : ✨Proximity of resources ✨ Low cost of production 🌟 Cheap labour 🌟 Inexpensive water ✨Climatic conditions provided 🌟Easy transportation ✨ Compitition with local companies for improvement in performances and etc .

[@naazimabano4437]

🎉 answer 1) the money that is spent to buy asset such as land , building etc. is called as normal investments . Whereas the money that's is used to buy these assets from foreign is called foreign investments .for example : Ford car manufacture spends money in foreign to expand their business 🎉🎉🎉🎉🎉🎉

[@naazimabano4437]

Trade barrier refers to implementing restrictions on the foreign trade and foreign investments . This helps in reducing cost for example Trade barrier on Chinese toys

[@naazimabano4437]

Globalistaion has been advantageous to the producers as well as consumers in following ways ✨ It helped the producers to take the use of newer technology and mathods and raised their production standard ✨ The producers have a large number of well off buyers

[@naazimabano4437]

For example when foreign companies start their trade in India , they can get variety of profits like cheap labours , resources at low cost prices etc .

[@abhishekkumarroy9010]

MCQ on all economics chapter

[@jinnakiranmai1920]

thankyou mam from 2024