Read the sources given below and answer the questions related to them:

Source A: Globalisation and the Indian economy As consumers in today‘s world, some of us have a wide choice of goods and services before us. The latest models of digital cameras, mobile phones and television made by the leading manufactures of the world are within our reach. Every season, new models of automobiles can be seen on Indian roads. Source B: Foreign trade and integration of markets Foreign trade creates an opportunity for the producers to reach beyond the domestic markets, i.e., markets of their own countries. Producers can sell their produce not only in markets located within the country but can also compete in markets located in other countries of the world. Similarly, for the buyers, import of goods produced in another country is one way of expanding the choice of goods beyond what is domestically produced. Source C: The struggle for fair globalisation In the past few years, massive campaigns and representation by people‘s organisations have influenced important decisions relating to trade and investments at the WTO. This has demonstrated that people also can play an important role in the struggle for fair globalisation.

 

Question (i)

How is the impact of globalization visible on consumers?

 

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Davneet Singh

Davneet Singh has done his B.Tech from Indian Institute of Technology, Kanpur. He has been teaching from the past 14 years. He provides courses for Maths, Science, Social Science, Physics, Chemistry, Computer Science at Teachoo.