Q18 of 31 Page 4

In recent years, how our markets have been transformed? Explain with examples. [CBSE 2015]

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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