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प्रश्न
Give classification of the market in detail on the basis of ‘Volume of Transaction’.
Explain the classification of market on the basis of volume of transaction.
Explain the types of market on the basis of volume of transaction.
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उत्तर
- Wholesale Market: In the wholesale market, the activity of buying and selling goods is undertaken in large quantities at lower prices. Goods are sold to retailers who then sell them to the consumers. It refers to the market for the bulk purchase and sale of goods. In such a market, sellers are known as wholesalers and buyers are known as retailers.
- Retail Market: This is the location where retailers sell small amounts of goods directly to customers.
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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.
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.
Answer in one sentence.
What do you mean by 'Regulated Market'?
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 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 different types of markets in detail.
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.
Explain the following term/concept in detail.
Imperfect Market
Unregulated market operates according to forces of demand and supply.
Market can be classified on the basis of importance and area covered.
