IPMAT Indore 2025VA > MediumThe global economy is shifting back towards traditional industries, as they offer more stable returns.Newer, dynamic industries, termed "wizards," are experiencing significantly greater growth and profit compared to traditional industries.Traditional industries are consistently more profitable than newer, "wizard-ish" industries.The terms "wizard" and "muggle" are used to describe the magical elements of business success.✅ Correct Option: 2Related questions:"Wizard" industries are characterized byWhich one of the following does "shuffle rate" not measure?"Muggles" refers to industries that