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Q.

Choose if the given statement is True/False:


Before Globalisation, the production of goods was limited to its home country only.


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a

True

b

False 

answer is A.

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Detailed Solution

The above statement is True.
Before Globalisation, the production of goods was limited to its home country only. But that is not the case now. Firms are producing and selling their products in various countries all over the globe. Trade is no longer limited to the home country. Today, the world market consists of a lot of MNCs. People are exporting their products to the world and importing from various countries across the globe. Many countries export their goods to India, and we can see many foreign products in Indian markets.
 
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