Choose the given statement is True/False

In recent years our markets have not been transformed.

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True

False

answer is B.

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Detailed Solution

The given statement is false.
Our marketplaces have changed in recent years. Only manufactured products and services were exported between nations up to the middle of the 20th century. But due to globalisation, there are now more international corporations than ever. They cooperate with regional raw materials producers while dispersing their output throughout several nations. Customers now have many options on the market, and costs have decreased due to increasing competition. On the other hand, producers now have a broader market for their goods, and new technology has enhanced their productivity.
The correct statement would be that our markets have transformed extensively in recent years.

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