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Less than half of 1,000 means fewer than 500; 450 satisfies this condition.
Workers who left = 20 − 7 = 13.
Reduction = 20% of ₹10 lakh = ₹2 lakh. New cost = ₹8 lakh.
12,000 × 20 minutes = 240,000 minutes = 4,000 hours.
Exporters face competition and therefore try to reduce labour costs to supply goods at lower prices.
Half of ₹20,000 is ₹10,000. ₹9,500 is less than half.
Daily work = 8 + 2 = 10 hours. Weekly work = 10 × 6 = 60 hours.
Temporary employment can reduce labour costs and provide employers with greater flexibility.
The chapter explains that some consumers and producers benefited while many small producers and workers faced difficulties.
Fair globalisation aims to ensure that opportunities and benefits are shared more widely.
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