Final answer:
New markets emerged from technological advancements such as the miniaturization of devices, internet access via satellites, the adoption of GPS technology, advancements in hybrid vehicles, the rise of text messaging, the creation of online knowledge platforms such as Wikipedia, and a revolution in digital media consumption initiated by companies like Napster.
Step-by-step explanation:
The new markets created by iPods, PDAs, and WiFi are the result of several interconnected technological advancements that have shaped consumer behavior and economic landscapes. These include the miniaturization of devices through nanotechnology, global communication capabilities provided by devices like the iPhone, and the growth of internet access through countless satellites enabling social media connectivity and information sharing.
Furthermore, government-funded technological developments such as GPS have been vital in enhancing smartphone functionalities and supporting new markets based on location-based services and apps. The transportation sector also saw innovations with the introduction of the Toyota Prius hybrid car, improving fuel efficiency and shaping consumer choice in the automotive market.
In the realm of communication, AT&T's introduction of text messaging services in 2000 broadened the ways in which individuals connect with one another. Similarly, Wikipedia's user-generated encyclopedia brought a wealth of knowledge to the fingertips of internet users, changing the way information is consumed and shared. Lastly, despite Napster's shutdown, it sparked a revolution in music and video downloading, fundamentally altering the entertainment industry.