Distinguish between Local Market and National Market.

1.	Distinguish between Local Market and National Market.
Answer» Local Market: 1. Local market is one in which goods are produced and sold mostly in local areas. 2. Generally, perishable goods like milk, vegetables and bulky goods like sand have local market. 3. Demand is limited in local market. 4. Less variety is available in this market. National Market: 1. National Market is a domestic market in which goods are produced and sold within the country. 2. Generally goods demanded by common man like wheat, rice, soaps have national market. 3. Demand is very high in national market. 4. Huge variety is available in this market.

Answer»

Local Market:

1. Local market is one in which goods are produced and sold mostly in local areas.

2. Generally, perishable goods like milk, vegetables and bulky goods like sand have local market.

3. Demand is limited in local market.

4. Less variety is available in this market.

National Market:

1. National Market is a domestic market in which goods are produced and sold within the country.

2. Generally goods demanded by common man like wheat, rice, soaps have national market.

3. Demand is very high in national market.

4. Huge variety is available in this market.

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