Choose the given statement is True/False

Globalisation has brought prosperity to everyone.

see full answer

Your Exam Success, Personally Taken Care Of

1:1 expert mentors customize learning to your strength and weaknesses – so you score higher in school , IIT JEE and NEET entrance exams.

An Intiative by Sri Chaitanya

True

False

answer is B.

(Unlock A.I Detailed Solution for FREE)

Best Courses for You

JEE

NEET

Foundation JEE

Foundation NEET

CBSE

Detailed Solution

The given statement is False.
Globalisation has brought prosperity to various people, such as consumers, who can now enjoy different products and categories. The introduction of SEZs helped MNCs operate in business in countries that offer various things to minimise costs and maximise profits. Countries with SEZs have cheap raw materials and labourers to help them increase their production. At the same time, the lives of labourers and other small industries have faced the curse of globalisation. Small industries have to face a lot of competition with the establishment of MNCs and have difficulty earning their profits. Labourers are also hired temporarily and don’t enjoy the job security they had earlier.
Thus the correct statement would be Globalisation has brought prosperity for some and a curse for others.

Watch 3-min video & get full concept clarity