Setting foot in the twenty-first century, men consider the entire world as a family. Among many vital aspects, economy has allured the attention of all. Globalisation has opened a new horizon in the field of economy. A detailed analysis has been made on the trends towards global economy. Image Source: thesleuthjournal.com/wp-content/uploads/2015/05/global-economy.jpg Meaning of Globalisation: The term 'Globalisation' has [...]
Merits of Global Economy: The economic globalisation has many good effects. At first, when the multi-national companies enter into a country they open factories for their production. So, the local people get job. Thus, it helps in eradicating unemployment. Image Source: gpaspectrum.files.wordpress.com/2014/04/fair-economic-system.jpg Secondly, by the investment of capital, the sick industries of a country become workable. Production [...]
Merits of Feudalism: Feudalism had many merits. At first, it saved the common men from the foreign invaders. By saving people from the clutches of invaders and plunders, it created a healthy society. Secondly, the feudal Lords were able to save the common men from the tyranny of the King. The common men get respite. A healthy society was created [...]