Answer:
Advantages
of Globalisation
(i) Globalisation has resulted in
greater competition among producers-both local and foreign. This has improved
their quality of the product and lowered the prices.
(ii) A wider variety of goods are available in the market for consumers.
Disadvantages of Globalisation
(i) For ,a large number of small
producers, globalisation has posed major problems.
These producers were not able to face the competition from large foreign
producers and hence several of such production units had to shut down,
rendering workers jobless.
(ii) Workers in MNCs are employed on temporary basis and
laid off without any compensation during the slack period.
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