How have markets been transformed in recent years? Explain with examples
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How have markets been transformed in recent years? Explain with examples
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Explanation:
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The initial aspect of unequal situations in a market and poor enforcement of rules and regulations have now seen a transformation in the market in recent years.
For example, pressure cookers have safety valves and manufacturers have to ensure its high quality. While buying medicines the ‘directions for use’ and information relating to side effects and risk associated with its usage are to be mentioned on the packets.