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प्रश्न
Give classification of the market on the basis of ‘time’.
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उत्तर
Classification of Marker On the Basis of Time is as follows:
- Very Short Period Market: This type of market has a very short time existence viz., for a few hours or for a day at a particular time and place. In this type of market perishable goods such as vegetables, fruits, milk products, etc. are sold.
- Short Period Market: This type of market has existed for a short period viz., weekly markets, festival markets, markets during fairs, etc. Perishable or semi-durable goods are sold in this market.
- Long Period Market: This type of market has existed for long period. In this type of market durable commodities that are generally non-perishable in nature are sold.
- Spot Market: Products and services are purchased and sold in a spot market with the expectation of quick delivery and payment. There is no delay in exchange; transactions are finalised instantly.
संबंधित प्रश्न
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.
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.
Answer in one sentence.
What do you mean by 'Local Market'?
Correct the underlined word and rewrite the following sentence.
Commodity Market refers to the market for borrowing and lending long term capital required by the business.
Correct the underlined word and rewrite the following sentence.
In a duopoly, there is a single seller.
Arrange in proper order:
Local market, International market, National market.
Explain types of the market on the basis of the area covered.
Explain types of the market on the basis of time.
Justify the following statement.
The market can be classified on the basis of competition.
Give classification of the market in detail on the basis of ‘Volume of Transaction’.
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
