economicsWho has been hit hard due to rising competition from the MNCs?

Who has been hit hard due to rising competition from the MNCs?


  1. A
    Small producers
  2. B
    Workers
  3. C
    Large producers
  4. D
    Both 1 and 2 

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    Solution:

    Rising competition from MNCs mostly affects the Small producers and workers in the following ways:
    1)      The goods produced by the small producers are costlier than those produced by the MNCs because MNCs produce on a large scale at lower costs.
    2)      Small producers have a small amount of production, which results in losses.
    3)      Small producers have outdated technology, and they cannot compete with big companies because of this.
     
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