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What is effect of globalisation on small producers and workers |
| Answer» Impact of globalisation on small producers:\xa0For a large number of small producers and workers globalisation has posed major challenges. They either have to compete or perish.Small manufacturers have been hit hard due to competition with global products.Small scale industries like that of batteries, capacitors, plastics, toys, tyres etc. have suffered great losses in their businesses.Millions of the workers have gone jobless.Several small factory units are forced to shut down.Bigger units like malls have engulfed small markets and shops. | |