Question

In recent years how our markets have been transformed? Explain with examples.

Answer 1

Answer:

Markets been transformed in recent years: We have a wide choice of goods and services before us. The latest models of digital cameras, mobile phones and televisions made by the leading manufacturers of the world are within our reach now. Example: every season new models of automobiles can be seen on Indian roads.

Answer 2

In a matter of last few years, our markets have been transformed. As consumers in today’s world, some of us have a wide choice of goods and services before us. The latest models of digital cameras, mobile phones and televisions made by the leading manufacturers of the world are within our reach. Every season, new models of automobiles can be seen on Indian roads. Gone are the days when Ambassador and Fiat were the only cars on Indian roads. Today, Indians are buying cars produced by nearly all the top companies in the world. A similar explosion of brands can be seen for many other goods: from shirts to televisions to processed fruit juices. Such wide-ranging choice of goods in our markets is a relatively recent phenomenon. You wouldn’t have found such a wide variety of goods in Indian markets even two decades back.

Example- We have a wide choice of goods and services before us.

The latest models of digital cameras, mobile phones and televisions made by the leading manufacturers of the world are within our reach now.

Example: every season new models of automobiles can be seen on Indian roads.

Today, Indians are buying cars produced by nearly all the top companies in the world.

A similar explosion of brands can be seen for many other goods; from shirts to televisions to processed fruit juices.