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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
Perishable goods such as vegetables, fruits, milk products, etc. are sold in Market ______.
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.
Regulated Market operates according to forces of demand and supply.
Find the odd one.
______ refers to a market situation when there is a single buyer of a commodity or service.
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 on the basis of ‘time’.
Explain the following term/concept in detail.
Oligopoly
Explain the following term/concept in detail.
Monopsony
Justify the following statement.
The market can be classified on the basis of volume.
Unregulated market operates according to forces of demand and supply.
Market can be classified on the basis of importance and area covered.
