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प्रश्न
Explain the following term/concept.
Market
उत्तर
The term market is derived from the Latin word 'Mercatus', which means 'to trade', 'to trade merchandise' or 'a place where the business is transacted'. In simple words, a market is the place where two or more parties are involved in buying and selling. These two parties involved in the transactions are called buyers and sellers. The transaction of buying and selling takes place with the exchange of money.
संबंधित प्रश्न
In the ______ concept of market, the emphasis is given to the 'buying and selling of goods or services'.
Correct the underlined word and rewrite the following sentence.
Grading helps in avoiding breakage, damage and destruction of the product.
Correct the underlined word and rewrite the sentence.
In exchange concept of market emphasis is given on ‘buying and selling of goods or services’.
| The demand for leather will be derived from the demand for leather purses and other leather items in the market. |
The above statement brings forth the characteristics of one of the categories of the products. Name the category and state three other characteristics of this category of product.
Explain any four concepts of market.
Study the relation between first and the second words given below and fill in the fourth word on that basis.
Commodity Market : Gold : : Capital Market : ______
