question_answer 36)

 Fill in the blanks. Indian buyers have a greater choice of goods than they did two decades back. This is closely associated with the process of .......... Markets in India are selling goods produced in many other countries. This means there is increasing ......... with other countries. Moreover, the rising number of brands that we see in the markets might be produced by MNCs in India. MNCs are investing in India because ......... While consumers have more choices in the market, the effect of rising ......... and .........has meant greater ......... among the producers.             

Answer:

(i) globalization, (ii) co-operation, (iii) they can get cheap labour and other resources, (iv) foreign trade, (v) foreign investment, (vi) competition.