class 10 economics

GLOBLISATION AND INDIAN ECONOMY

Q-1) Which companies do you in this picture?

Q-2)which product of these companies do you use?

Q-3)Are all these companies Indian companies?

BEFORE

AFTER

Production across country

• coming up of companies called multination corporation.

• owns or control production.

AFTER

• product was largerly organised within countries.

• raw material ,food stuff and finished products.

• trade was main channel connecting distant countries

​BEFORE

WHAT ARE MNCs?

Multinational corporation are the large companies which owns or controls production in more than one nation. They set up offices and factories for production in regions where they can get cheap labour and other resources ,so that they can earn greater profits.

production is organised in increasingly complex ways.

The goods and service produced globally

​Advantage of being cheap manufacturing location.

​closeness to the markets in the US and Europe.

• skilled engineers

• English speaking youth

​China

Mexico and Eastern Europe..

India.

​This process reduce the cost

Multiple Choice

Question-1)Which of the following industries have been hard hit by foriegn competition?

• ​a)Dairy products

• b)Leather products

• c)cloth products

• d)vehicle products

Multiple Choice

The most common route for investments by MNCs in countries around the world is to:

• set up new factories

• buy existing local companies

• form partnerships with local companies

• none of these

Question -1) Can a person set up a multinational corporation in any country?

Question -2) If you want to set up a company ,at what place will you set up your company

INTERLINKING PRODUCTION ACROSS COUNTRIES

• Is it close to the market?

• Is there skilled and unskilled labour available at low costs?

• whether the availability of other factors of production is assured

• MNCs might look for goverments policies that look after their interests.

​Factors' MNCs consider before setting up any production units.

​​Having assured of these conditions MNCs invest in countries.

​FOREIGN INVESTMENT

 Who is interlinking production across countries?

​MNCs

Multiple Choice

which one of the following refers to investment?

• The money spent on religious ceremonies

• The money spent on social customers

• The money spent to buy assets such as land

• The money spent on house hold goods

Multiple Choice

"MNCs keep in mind certain factors before setting up production" identify the incorrect option from the choices given below

• Availability of cheap skilled and unskilled labour

• Proximity of market

• Presence of large number of local competitors

• Favourable government policies