Question

(१) जागतिकीकरणाने बाजारपेठीय अर्थव्यवस्था ही संकल्पना जाणली.​

Answer 1

Globalization introduced the concept of market economy:

• Ideology influenced the economic systems that various nations adopted throughout the Cold War. For instance, the majority of West European countries and the United States were free democracies that practised capitalism.
• There is only "market economy" in the era of globalisation. However, a country's ideology will decide the type of market economy it possesses. For instance, China has a communist market economy, West European countries are said to have "welfare market economies," and the United States has a "capitalist market economy."
• In the majority of nations, the private sector and the profit motive have driven the economy while the State has benefited from economic activity.
• It has sparked rivalry between domestic and international producers, benefiting consumers overall but especially the wealthy. The consumer now has a wider range of things to choose from.

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