Q19 of 40 Page 1

How have markets been transformed in recent years? Explain with examples.

Our markets have been transformed:

1. The choice among various goods and services has increased dramatically after globalization.


2. All the international brands and manufacturing producers are now within the reach of the consumers.


3. The increase of choices is not just for one product but all from dresses and food to vehicles and appliances.


Explanation: Markets have transformed a lot due to the globalisations. All the companies’ outreach has become international.


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