Q.Give any two advantages of Globalisation.

Globalisation links India's economy with the rest of the world, bringing foreign investment, technology, wider markets and more employment.

Globalisation is the process of integrating a country's economy with the global economy through free flow of trade, capital, technology and labour. Its main advantages include:

1. Inflow of foreign capital and technology — multinational firms bring investment and modern know-how, which improve productivity and the quality of goods.
2. Larger markets — domestic producers can sell in international markets, while consumers get a wide variety of goods at competitive prices.
3. Employment generation — new industries and services created by foreign investment provide fresh job opportunities.
4. Improved standard of living — better products, services and incomes raise the quality of life. …