Choose if the given statement is true/false.

Globalisation has transformed the markets in recent years.

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True

False

answer is A.

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Detailed Solution

The given statement is true.
Markets have transformed in the following ways:

The goods and services are produced globally which increases the competition among the producers which leads to an increase in the quality of the products and lowers the costs.

Foreign trade integrated the market of different countries across the world.

More technologies, investments, goods and services are moving between the countries.

Technology has made almost everything very easy and comfortable like money can be transferred quickly from one country to any country in the world, Telecommunication, Online shopping with home deliveries, etc.

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