Solution:
Globalisation has transformed the markets in recent years due to the availability of a wide range of goods and services.The rapid integration or interconnection between countries is known as globalisation. It helps in the smooth movement of goods, services, technology, and capital across the world. It enables the producers to increase the outreach of their goods to different countries and consumers to choose among a wide variety of products.
For example, numerous varieties of automobiles, mobile phones, and processed juices are available in the market. Fiat and Nano are not the only cars running on the roads now; there are various cars launched, such as Maruti and Audi, due to the integration of markets globally. Every season, a new variety of phones and automobiles are launched by the leading manufacturers of the world within reach. With the coming of MNCs in India, local producers are also adopting newer technology and production methods. Due to this, people are enjoying a higher standard of living.
