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...Class notes x topic globalization and indian economy ncert extra question answers subject economics note for learning only differentiate between investment foreign answer the money that is spent to buy assets such as land building machines etc called whereas made by a mnc why do mncs set up their offices factories in those regions where they get cheap labour other resources because bring down cost of production ensure more profits themselves due what reason are latest models different items available within our reach globalisation barriers on trade were removed large extent india since justify statement government decided time has come producers compete with around world it felt competition would improve quality goods produced country thus meant could be imported or exported easily companies wide ranging choice markets support examples context market been transformed recent years consumers have variety services choose from which not earlier example mobile phones television digital came...