The globalization of markets has led to increased competition.
Глобализация рынков привела к усилению конкуренции.
Definitions
The globalization of markets refers to the process by which businesses and other organizations develop international influence or operate on an international scale, leading to the integration and interdependence of national markets into a single global marketplace. This phenomenon is characterized by the increased exchange of goods, services, and capital across borders, driven by advancements in technology, communication, and transportation.
