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What are the essentials of a market? and also define Classification of Market.
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written 3.5 years ago by
prajapatijaimin
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• modified 3.5 years ago |
Solution:
Classification of Market:
(1) based on area or region:
- The economists have classified the market based on area or region which further can be summarized as under.
(i) Local Market
(ii) Regional or Provincial Market
(iii) National Market
(iv) International Market
(i) Local Market:
- If the buyers and sellers …
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