Single Answer MCQ
Q-00045546
How has globalisation affected local industries in developing countries?
1
It has completely abolished local industries
2
It has increased competition but also opportunities
3
It has resulted in uniform pricing worldwide
4
It has limited foreign investments
Answer and Solution
Answer
B. It has increased competition but also opportunities
Solution:
Globalisation increases competition while also opening up opportunities for local industries to access larger markets. The other options present extremes or misrepresent the reality.
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