How has globalization influenced market dynamics throughout history?

Globalization has played a big role in changing how markets work over time. It refers to the way countries and economies have become more connected through trade, technology, and culture. For example, when countries started trading goods like spices or textiles, it allowed them to access resources they didn't have locally, which changed how they produced and sold products. This shift often meant that businesses could find cheaper materials or new customers, leading to more competition and innovation. Overall, globalization has helped create a more interconnected world where market dynamics can shift quickly based on international influences.