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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
The retail market is the market where the retailer sells goods directly to the ______ in small quantities.
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Regulated Market operates according to forces of demand and supply.
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Find the odd one.
______ refers to a market situation when there is a single buyer of a commodity or service.
Answer in one sentence.
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Answer in one sentence.
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Correct the underlined word and rewrite the following sentence.
In a duopoly, there is a single seller.
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Explain the following term/concept in detail.
Monopsony
Justify the following statement.
The market can be classified on the basis of time.
Explain the following term/concept in detail.
Imperfect Market
Unregulated market operates according to forces of demand and supply.
Explain the following term/concept in detail:
Duopoly
