The IT revolution has affected people in Bangalore India both positively and negatively. It has provided people with jobs. The disadvantage is that it has also turned Bangalore into a major city in the world with increased pollution, traffic jams, and soaring rents. The Indian government is building better infrastructure to accommodate the increasing amount of call centres and IT companies that are opening in the city. This has created jobs for security guards, IT professionals, call centre agents, construction workers and domestic worker.
Price level rose on average by 63 percent in second plan, 5.8% in third plan, 9% in fourth plan, 6.3% in fifth plan, 3.6 percent in Ninth plan and 4% in 2004-05. Furthermore, the plan witnessed only increase in inequality. Rich Class becomes richer and poor class poorer. This inequality is found not only in industrial sector but in agriculture sector also. According to one estimate, 3 percent of household own roughly 50 percent of cultivable land. Hope this helps and if your feeling generous, leave a rate, thanks, and brainliest. ;)
NAFTA - North American Free Trade Agreement created a larger scope of free trade covering United States, Canada and Mexico.
Explanation:
Major positive impact of this agreement is that it tripled the trade profits of Canada, Mexico and United states. It also removed tariffs which weer considered to be the international barriers. It increased the economic output which resulted in economic growth up to 0.5 % every year. Also Foreign investments are attracted. US oil imports from mexico was considered to be beneficial as there were no tariffs imposed by US. This had a major impact on the economy.
The transportation costs lowered due to low gas price and the food prices were also marginalized. Each nation's government contracts became available to the major suppliers which increased competition and lowered the costs.
The negative impacts are, this agreement favored import and export industry but many labor oriented industries suffered a lot which included manufacturing, textile and electronic appliances due to which many started to migrate. The companies started to reduce their wages if they refused to work for them.
NAFTA agreement totally eliminated in doing good to the farmers. It subsidized the farm products and the farmers could not make profits due to the lower farm prices which forced them to search for many other illegal jobs. They plunged into poverty and starvation.
The next impact is the degradation of the environment in Mexico. Farmers used many chemicals and pesticides to increase the production at that short period of time which resulted in unhealthy foods and deforestation resulted in global warming. No safety standard followed by the Mexican truck transport.
Answer:
Monopoly - the exclusive possession or control of the supply or trade in a commodity or service.interstate commerce- Interstate commerce refers to the purchase, sale or exchange of commodities, transportation of people, money or goods, and navigation of waters between different states.Cede-give up (power or territory
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