Question

in what ways has competition affected workers, indian exporters and foreign MNCs in the garment industry?

Answer 1

Competition has affected the Workers:

a. Workers are hired on temporary basis.
b. They are given low wages.
c. Workers are forced to work for long hours to meet the needs of growing competition in the market.

Indian exporter:

a. They try to get large orders from MNC's
b. Some of them try to cut on their cost of production.

Foreign MNC's:

​a. These MNC's get good quality of goods from their vast network.
b. They get goods at cheapest rates possible.,
c. They make maximum profits.