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Question
Study the following case/situation and express your opinion.
| Mr. X purchases goods from the nearest shop. Mr. Y purchases mobiles from Tokyo. Mr. Z of Nandurbar purchases electronic goods from Delhi. |
- From which type of market does Mr. X purchase?
- Name the type of market from where Mr. Y deals?
- State the type of market from where Mr. Z purchases goods?
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Solution
- Mr. X purchases goods from the local market.
- Mr. Y purchase mobiles from Tokyo (a foreign market) and hence he deals in the international market.
- Mr. Z of Nandurbar purchases electronic goods from Delhi, i.e. from the National market.
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