BACHELOR OF BUSINESS ADMINISTRATION

Detailed explanation-1: -A bilateral monopoly is a market structure consisting of both a monopoly (a single seller) and a monopsony (a single buyer).

Detailed explanation-2: -Globalization is basically a process of increasing the economic integration and growing economic interdependence between different countries in the world economy. The processes of economic liberalization and privatization of the public sector enterprises eventually led to the globalization of the Indian economy.

Detailed explanation-3: -Markets in India are selling goods produced in many other countries. This means there is increasing trade with other countries. Moreover, the rising number of brands that we see in the markets might be produced by MNCs in India. MNCs are investing in India because of cheaper production costs.

Detailed explanation-4: -Now, the demand of a person is different as compared to earlier times. For instance, now fast-food is more demanded in the market. With the concept of globalisation, and with the change in technology, and with the changing needs and demand of people, the market has changed in the last two decades.