Page 19 -

In the past year the shares of warehousing
firms, which thrive on e-commerce, have outperformed those
of shopping-mall landlords by 48 percentage points.

outperform੉ۆ ױযח ‘प੸’(performance)੉ ؀࢚যܳ ‘מоೞ׮’(out)ۆ

ڷੑפ׮. ы਷ زࢎী out-੉ۆ ੽فࢎо ࠢযࢲ ഝਊغח ߑधਸ ҙ଴೧ فद
ӝ ߄ۉפ׮. ژ ׮ܲ ഋక੄ ࠺Ү ಴അ੉૑ਃ. 4th paragraph

By this account, the new digital surge con-
firms Amazon’s inexorable rise.

੉ ޙ੢ਸ ೧ࢳ೧ ࠁݶ ׮਺җ эणפ׮. “࢜۽਍ ٣૑ణ ಩١ ࢎకח, ੉۠ ࢸݺ
ਵ۽, ই݃ઓ੄ ࢚थࣁо ষোೠ ࢎप੐ਸ ഛੋ೧ ળ׮.”

Ӓؘ۠, confirm(ࢎप੐ਸ ࠁৈ઱׮)ਸ ઺बਵ۽ ઱য৬ ؀࢚যܳ ޛՍ
۞޷ ҙ଴೧ ࠁݶ, new digital surge=Amazon’s inexorable rise੐ਸ ঌ ࣻ
੓णפ׮. confirm਷ খী աৡ show ҅ৌੑפ׮. (Ѿҗ)=(ਗੋ)੉ӝب ೞҊ,
(੹୓)=(ࠗ࠙)੉ӝب ೞݴ, ઱যࠗ৬ ؀࢚যࠗо ‘ഋ૕ ੹ജ’ transformation ਸ ా೧

‘эӝ’ب ೤פ׮. 2ഋधҗ 3ഋध੄ ੼੉ ૑؀ ѐ֛੉ ಟ୛ࠁ੉ח ੉ ӝޑೠ ೂ҃
ਸ ‘٣झ۽ா੉࣌ ֏ࢲझ’ Nexus of Dislocation ۄҊب ೞ૑ਃ.

ೠಞਵ۽, ੉ ޙ੢਷ ઙࣘҳ(by this account)৬ ઱੺(A)੉ Ѿ೤ػ ҳ
ઑੋؘ, ੹஖ࢎ byܳ ઺बਵ۽ب ࠅ ࣻ ੓णפ׮. A by this account. A=this
accountо غ૑ਃ. җхೠ ୶ۿਸ ೠ ߣ ؊ ೧ࠁݶ, this account=new digital

31