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प्रश्न
Answer in one sentence.
What do you mean by 'Local Market'?
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उत्तर
The market for the commodities which are sold within local geographical limits of a region is known as a local market.
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संबंधित प्रश्न
The retail market is the market where the retailer sells goods directly to the ______ in small quantities.
Write a word/term/phrase for the following sentence.
The market is where goods are sold to the ultimate consumers or the users of the product.
Write a word/term/phrase for the following sentence.
Two sellers, selling either a homogeneous product or a differentiated product.
The market for the commodities which are produced in one country and sold in other countries is known as the national market.
In the wholesale market, sellers are known as retailers and buyers are known as wholesalers.
______ refers to a market situation when there is a single buyer of a commodity or service.
Correct the underlined word and rewrite the following sentence.
In a duopoly, there is a single seller.
Explain types of the market on the basis of the area covered.
Give classification of the market on the basis of ‘time’.
Explain different types of markets in detail.
______ market is for commodities that are produced in one country and sold in another country.
Explain the following term/concept in detail.
Oligopoly
Justify the following statement.
The market can be classified on the basis of time.
Monopoly refers to a market situation when there is a single buyer of a commodity or service.
Unregulated market operates according to forces of demand and supply.
Explain the following term/concept in detail:
Monopoly
Explain the following term/concept in detail:
Duopoly
