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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
Perishable goods such as vegetables, fruits, milk products, etc. are sold in Market ______.
Regulated Market operates according to forces of demand and supply.
______ 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.
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 in detail on the basis of ‘Volume of Transaction’.
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.
Justify the following statement.
The market can be classified on the basis of volume.
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.
