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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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
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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hope it helps
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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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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
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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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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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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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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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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