Question

How has globalisation impacted the markets near you ? Show with the help of any two examples.

Hint:

Think of foreign brands in malls and online shopping.
Those are two simple examples.

Answer 1

Step 1: Context:
Globalisation has changed the markets in our towns and cities. Two examples are enough.

Step 2: Example 1: Foreign brands and big stores:
Shops now sell products of foreign companies, such as shoes, soft drinks and phones.
Malls and big chains have come up in every city.

Step 3: Example 2: Online markets:
Customers buy goods through websites and apps, many of which are run by global firms.
Small shopkeepers have to lower prices or sell online to stay in business.

Step 4: Result:
Consumers gain choice, but some local traders and small makers lose their business.

Final Answer:
Foreign brands with big stores and online shopping are two ways in which globalisation has changed local markets.