Question
‘‘Our markets have completely transformed in recent years.’’ Support the statement with examples.

Answer

Transformation of Markets:
  1. Wide choice of goods and services.
  2. The latest models of digital cameras, mobile phones and televisions made by the leading manufacturers of the world are within our reach.
  3. New models of automobiles can be seen on Indian roads.
  4. Explosion of brands.
  5. Integration of production and integration of markets.
  6. Rapid improvement in technology.

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