Question

Explain any three factors responsible for the rapid transformation of market

Answer 1

1. rapid transformation of market condition depends heavily on development of transport which in the recent years have expanded locally and internationally.
2. improvement of science and technology land, water are air transport has grown manifold in the recent years. exchange of good and service between countries id called international trade
3. advancement of international trade is considered as indicator of economics growth of the country. export and import are the components of trade.