A multinational corporation is a large company that carries on its products and business activities in more than one country. It is also called a transnational corporation as its operations extend beyond the boundaries of the nation in which it was initiated.
Globalization definition – Globalization is the integration of the economy of a country with the world economy. It aims to encourage foreign trade and private and institutional foreign investment. It creates various policies which try to turn the world into one.
Meaning of Globalization is the integration of the economy of a country with the world economy. It aims to encourage foreign trade and private and institutional foreign investment. It creates various policies which try to turn the world into one.
Technology is one of the causes which have led to globalization and have played a major role in the outspread of products and services across countries.
The World Trade Organization (WTO) is an organization with 160 member nations (2014) and aims to liberalize international trade. At the international level, the WTO has pressured developing countries to
liberalize trade and investment.
Globalization is the integration of the economy of a country with the world economy. Positive Effects of Globalization on Indian Economy & Negative Effects of Globalization on Indian Economy
the Industrial Policy Resolution of 1948. These policy
resolutions divided the economy into public and private sectors. It was based on the assumption that large-scale investment in the public sector, a high level of public investments and public sector investment would encourage the growth and profitability of many private enterprises.
Role of the Private Sector in India – The private sector contributes nearly 78% of the gross domestic product (GDP). It includes agriculture, cottage and small-scale industries, trade, hotel, restaurant and other large industries.
The sector of production which is under complete control of the government is termed the public sector. Performance of the Public Sector in India
Economic activities of the Indian economy are classified into three broad sectors—the primary sector, the secondary sector and the tertiary sector.