The student correctly concluded that the factory producing sports shoes for a multinational brand is part of the globalised economy, while the small local unit operates only in the domestic market. The two setups differ in several important ways.
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MNCs bring investment, technology and employment to India. They promote exports and global business links. However, they may dominate local markets, reduce small-scale businesses and repatriate profits. Overall, MNCs impact both growth and competition.
Banks accept deposits from the public and keep them safe. They lend money to businesses and individuals, earning interest. Banks also provide facilities like savings accounts, loans and payment services, which help in economic growth and financial security.
Sustainable development focuses on meeting present needs without harming future generations. It raises new issues like resource conservation, pollution control and renewable energy. Example: Using solar power reduces fossil fuel use, ensuring development that protects the environment.
Option (C) is correct because globalisation is encouraged when the government reduces trade barriers, lowers import–export taxes and removes restrictions on foreign investment. These steps attract global companies and promote free flow of goods, capital and technology.