Choose given statement True/False:

Small producers and workers have not been affected at all by globalisation.

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True

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answer is A.

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Detailed Solution

The above statement is true.
Small producers and workers have not been affected at all by globalization. On the surface, it may seem that globalization has resulted in better economic opportunities for all the country's people. It's not the case in reality. On the one hand, it has led to more significant opportunities for large multinational corporations to tap international markets and earn more profits. Still, on the other hand, it has forced small manufacturers to compete in vain against these MNCs. Unable to survive in such a competitive environment, several domestic industries have shut down, leaving millions of small workers unemployed.

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