The war is called the first modern industrial war because it used advanced industrial technology. Modern weapons, tanks, machine guns, and chemical gases were mass-produced in factories, showing how industrial power directly influenced warfare and destruction. Correct Option: (d) Due ...
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“Outsourcing has become a major feature of globalisation.” This statement is true because outsourcing means hiring services or production from outside the company, often from another country, to reduce costs and increase efficiency. It has become a major trend under ...
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.
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.
