what are the merits and demerits of liberalisation

Merits :

1. It creates jobs for many people.

2. The competition increases so the consumer gets better quality at lower rates.

3. MNCs buy land and develop cities increasing the value of land thus increasing prosperity.

4.Offer more options to the consumer.

Demerits :

1. Labour laws are alterable by the MNCs.

2. MNCs with foreign funding will overtake indian Business Companies.

3. The local kirana stores and small shopkeepers are affected.

4. People can be fired without reason after paying a certain amount of money.

5. Profit Oriented and Not socially-responsible

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liberlisation does not only means freedom bt it has a very broad meaning.it has merits and demerits too.

1.it makes us free and independent and we can do whatever we want.

2.bt some people misuse this feature and they violate the laws and thus makes the meaning of liberlisation very short and bad...

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how capital formation is useful to eradict poverty in india?
 
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Merits  are  as  follows 
1=  Increase in  foreign   investment
2=Control  of  price  
3=Increase in  efficiency  of   domestic   firms  
4=Rise in  rate  of  economic  growth  
Demerits  are  
1= loss  to  domestic  unit 
2=Increase in   unemployment 
3=Unbalanced   development  sectors 
4=Increase  dependence  of  foreign  nations  
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Merits : 1. It creates jobs for many people. 2. The competition increases so the consumer gets better quality at lower rates. 3. MNCs buy land and develop cities increasing the value of land thus increasing prosperity. 4.Offer more options to the consumer. Demerits : 1. Labour laws are alterable by the MNCs. 2. MNCs with foreign funding will overtake indian Business Companies. 3. The local kirana stores and small shopkeepers are affected. 4. People can be fired without reason after paying a certain amount of money. 5. Profit Oriented and Not socially-responsible
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Hi.
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 MERITS
Liberalisation leads to free trade by removing obstacles such as tariffs and subsidies. Consequently, countries learn to specialise in what they can do best and yield maximum returns. Local industries focus on optimal use of land, labour, and physical and human capital. The total domestic production of goods and services is boosted this way. Since it opens markets to international players, exporters are able to access expansive markets for their products.

DEMERITS

However, removal of trade barriers often subjects the domestic economy to the effects of international events. For instance, economic recession in one trading partner's economy can spiral into another's economy. This can hurt employees and consumers of affected economies. Likewise, international competition may hurt local industries, especially when importers are able to find cheaper alternatives from abroad and dump them in domestic markets. Sometimes, it’s best for governments to prop up young local industries by restricting foreign participation, according to opponents of liberalisation.

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Hi
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If you give me time to read that chapter, then I may be able to give out the answer to you. However, it is not right. What is right is you should study your own lessons and do your homeworks by yourself. Of course you can always ask the help of someone but not to the point of them spoonfeeding the answers to you. Still, I can give you some tips on how to answer that essay: For merits, you may answer these questions to get an idea: 1. How does it positively affect income of people on foreign countries. 2. How does it impact the exporters? 3. What effect does it give to local suppliers? 4. What effect does it give to local workers? 5. What effect does it give to the government in terms of taxes? Make sure that your answers are all positive and leads to promoting your topic. For demerits, you may answer these questions to get an idea: 1. How does it affect small time business players? 2. How does it affect employees of those small companies? 3. How does it affect the supply of the exporting country? 4. How does it affect the environment of the originating country? 5. How does it affect the exporting countries finite resources? Your answers here will show the bad effect of the topic. There, you have the tips. Start reading the chapter and enjoy. Remember, you don`t get to study forever. You will miss studying when you are out in the real world. Take that from a student who once took everything for granted. Have fun learning!


hope it helps
 
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Globalization Over many centuries, human societies across the globe have established progressively closer contacts. Recently, the pace of global integration has dramatically increased. Unprecedented changes in communications, transportation, and computer technology have given the process new impetus and made the world more interdependent than ever. Multinational corporations manufacture products in many countries and sell to consumers around the world. Money, technology and raw materials move ever more swiftly across national borders. Along with products and finances, ideas and cultures circulate more freely. As a result, laws, economies, and social movements are forming at the international level. This site considers not only the Globalization of the Economy but also the Globalization of Politics, of Culture and of Law. The globalized world sweeps away regulation and undermines local and national politics, just as the consolidation of the nation state swept away local economies, dialects, cultures and political forms. Globalization creates new markets and wealth, even as it causes widespread suffering, disorder, and unrest. It is both a source of repression and a catalyst for global movements of social justice and emancipation. The great financial crisis of 2008-09 has revealed the dangers of an unstable, deregulated, global economy but it has also given rise to important global initiatives for change. The term globalization encompasses a range of social, political, and economic changes. Within the section Defining Globalization, we provide an introduction to the key debates. The materials ask what is new, what drives the process, how it changes politics, and how it affects global institutions like the UN. Globalization expands and accelerates the exchange of ideas and commodities over vast distances. It is common to discuss the phenomenon in highly generalized terms, but globalization`s impacts are often best understood at the local level. Cases of Globalization explore the various manifestations of interconnectedness in the world, noting how globalization affects real people and places. Tables and Charts on Globalization provide data on the growing global interconnectedness and draw a statistical and graphic picture of Globalization. Globalization often appears to be a force of nature, a phenomenon without bounds or alternatives. But peoples? movements have shown that it is neither unalterable nor inevitable. Citizens all over the world?ordinary people from the global North and South?can work together to shape alternate futures, to build a globalization of cooperation, solidarity and respect for our common planetary environment.
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Merits :

1. It creates jobs for many people.

2. The competition increases so the consumer gets better quality at lower rates.

3. MNCs buy land and develop cities increasing the value of land thus increasing prosperity.

4.Offer more options to the consumer.

Demerits :

1. Labour laws are alterable by the MNCs.

2. MNCs with foreign funding will overtake indian Business Companies.

3. The local kirana stores and small shopkeepers are affected.

4. People can be fired without reason after paying a certain amount of money.

5. Profit Oriented and Not socially-responsible
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Please find this answer

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Ryt
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Hi
  • -2
liberlisation does not only means freedom bt it has a very broad meaning.it has merits and demerits too.

1.it makes us free and independent and we can do whatever we want.

2.bt some people misuse this feature and they violate the laws and thus makes the meaning of liberlisation very short and bad...
  • 0
wk
  • -2
Merits :

1. It creates jobs for many people.

2. The competition increases so the consumer gets better quality at lower rates.

3. MNCs buy land and develop cities increasing the value of land thus increasing prosperity.

4.Offer more options to the consumer.

Demerits :

1. Labour laws are alterable by the MNCs.

2. MNCs with foreign funding will overtake indian Business Companies.

3. The local kirana stores and small shopkeepers are affected.

4. People can be fired without reason after paying a certain amount of money.

5. Profit Oriented and Not socially-responsible
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I agree with Aman he is right!
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Sudus
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Merit is that it give chance to the producers of our country to sell their goods and services. Demerit is that it stops countries economic development .
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Merits : 1. It creates jobs for many people. 2. The competition increases so the consumer gets better quality at lower rates. 3. MNCs buy land and develop cities increasing the value of land thus increasing prosperity. 4.Offer more options to the consumer. Demerits : 1. Labour laws are alterable by the MNCs. 2. MNCs with foreign funding will overtake indian Business Companies. 3. The local kirana stores and small shopkeepers are affected. 4. People can be fired without reason after paying a certain amount of money. 5. Profit Oriented and Not socially-responsible
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Sorry i dont know this
  • 0

Merits : 

1. It creates jobs for many people. 

2. The competition increases so the consumer gets better quality at lower rates. 

3. MNCs buy land and develop cities increasing the value of land thus increasing prosperity. 

4.Offer more options to the consumer. 

Demerits : 

1. Labour laws are alterable by the MNCs. 

2. MNCs with foreign funding will overtake indian Business Companies. 

3. The local kirana stores and small shopkeepers are affected. 

4. People can be fired without reason after paying a certain amount of money. 

5. Profit Oriented and Not socially-responsible
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Waterways
  • -1
If you give me time to read that chapter, then I may be able to give out the answer to you. However, it is not right. What is right is you should study your own lessons and do your homeworks by yourself. Of course you can always ask the help of someone but not to the point of them spoonfeeding the answers to you. Still, I can give you some tips on how to answer that essay: For merits, you may answer these questions to get an idea:
 1. How does it positively affect income of people on foreign countries.
2. How does it impact the exporters? 3. What effect does it give to local suppliers? 4. What effect does it give to local workers? 5. What effect does it give to the government in terms of taxes? Make sure that your answers are all positive and leads to promoting your topic. For demerits, you may answer these questions to get an idea: 1. How does it affect small time business players? 2. How does it affect employees of those small companies? 3. How does it affect the supply of the exporting country? 4. How does it affect the environment of the originating country? 5. How does it affect the exporting countries finite resources? Your answers here will show the bad effect of the topic. There, you have the tips. Start reading the chapter and enjoy. Remember, you don`t get to study forever. You will miss studying when you are out in the real world. Take that from a student who once took everything for granted. 
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liberalization is freedom
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verbal and nonverbal communication
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Merits
1) Liberalization have given a boost to Indian economy
2) it have provided employment to a large number of people
3) liberalization have given indian companies with new technology
4) several big indian companies have grown into MNC's
5) it have increased the range of choice for consumers
6) increased the standard of living
7) reduced poverty
8)?? consumers can get cheap and quality products at low cost

DEMRits of liberalization
1) many traditional handicrafts and khadi Weaver's got unemployed
2) after the flexibility in labour laws workers have lost job security and their wages became less
3) many local production houses got shut down as they cannot compete with the foreign goods
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Letters Telegrams and telephones are the mens of person communication
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Please find this answer

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Liberialism gives right to individual from state which its main feature but the liberialism do not right to individual and right of state is considered more important than individual leading to dictatorship
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As self group is a team of members helps to the needy people mostly this group helps in many ways to the rural people when some are in needy they want strong help that time this self help group team acts as strength to them and helps them and solve their problems. So, it is also called building blocks for the rural people ot means a strongest strength to rural people
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Merits:
1) Increase in foreign direct investment
2) Increase in employment opportunities
3) Economic development of nation

Demerits:
1) Due to indroduction of new technology, the skilled workers will be reduces
2) there will be increase of dependence on other nations for technology, forex etc...
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