globalised economy – Discussion Forum

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Virat

Asked: November 10, 2025In: Class 10 Social Science

A student interviewed two factory owners – one producing sports shoes for a multinational brand and another running a small local shoe unit. After the discussion, the student concluded that the first was linked to the globalised economy, while the second operated only in the local market. Analysis the key differences between these two production setups that must have enabled the student to reach this conclusion.

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.