Question

______ is the type of market on the basis of nature of goods.

Options

• Wholesale market

• Retail market

• Money market

• Consumers' market

Answer 1

Consumers' market is the type of market on the basis of nature of goods.

Explanation:

The consumer market categorizes markets based on the nature of goods sold. In a consumer market, goods are sold directly to the end consumers who purchase them for personal use. This type of market focuses on consumer goods like food, clothing, electronics, and other products intended for personal consumption.