Answer: Expansion of Trade: Globalization has increased the exchange of goods and services across countries, making a wide variety of products available to consumers worldwide.
Growth of MNCs: Many multinational companies (MNCs) have expanded their operations in different countries, creating jobs and boosting industrial growth.
Improved Technology and Communication: Globalization has led to the fast spread of technology and better communication systems, making the world more connected.
Cultural Exchange: People are exposed to different cultures, traditions, and lifestyles, leading to cultural blending and awareness.
Impact on Local Industries: While some industries have benefited, others—especially small-scale and traditional industries—have faced tough competition and decline.
