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Question
The Spot market is classified on the basis of ______.
Options
Commodity
Transactions
Regulation
Time
Solution
The Spot market is classified on the basis of transactions.
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What is meant by Spot Market?
How the market can be classified on the basis of Economics?
Find the odd word out:
Classification of markets on the basis of time:
Homogeneous product is a feature of this market.
- Monopoly
- Monopolistic competition
- Perfect competition
- Oligopoly
