economicsChoose if the given statement is True/False:Globalisation allowed the entry of Chinese traders and traders from every other country into the Indian markets.

Choose if the given statement is True/False:


Globalisation allowed the entry of Chinese traders and traders from every other country into the Indian markets.


  1. A
    True
  2. B
    False 

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    Solution:

    The above statement is True.
    Globalisation allowed the entry of Chinese traders and traders from every other country into the Indian markets. This resulted in Indian buyers having a better variety of choices at a lower price. This also persuaded Indian traders to regulate their prices and better the quality of their goods to survive in the market. Globalisation has forced many small Indian traders to close their shops and look for alternate means of employment due to the fierce and continuously Rising Competition. However, it still needs to solve the problem of poverty in India.
     
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