Globalisation, by connecting countries, shall result in ________.
greater competition among producers
- Globalization increases interconnectivity among countries, leading to greater competition among producers.
- It allows foreign companies to enter domestic markets, making businesses more competitive.
- Consumers benefit from a wider variety of goods and services at competitive prices.
- Domestic industries must innovate and improve efficiency to compete in global markets.
- Globalization fosters economic growth, but it can also impact local businesses that struggle with international competition.
Important Questions from Economy
The Five Year Plan was first launched in
Which of the following was/were the feature(s) of Lenin’s New Economic Policy (NEP) for the Soviet Union?
1) Private retail trading was strictly forbidden
2) Private enterprise was strictly forbidden
3) Peasants were not allowed to sell their surplus
4) To secure liquid capital, concessions were allowed to foreign capitalists, but the State retained the option of purchasing the product of such concerns
Select the correct answer using the code given below:
Which one of the following was set as a target of average growth of GDP of India over the plan period 2012-2017 by the Approach Paper to the Twelfth Five year Plan?
In ________ economies, all productive resources are owned and controlled by the government.
Private ownership of the means of production is a feature of a _______ economy.
