Advertisements
Advertisements
Question
Answer in one sentence.
What do you mean by 'Local Market'?
Advertisements
Solution
The market for the commodities which are sold within local geographical limits of a region is known as a local market.
APPEARS IN
RELATED QUESTIONS
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.
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.
Give classification of the market on the basis of ‘time’.
______ market is for commodities that are produced in one country and sold in another country.
Explain the following term/concept in detail.
Monopsony
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.
Market can be classified on the basis of importance and area covered.
Explain the following term/concept in detail:
Monopoly
Explain the following term/concept in detail:
Duopoly
