1.

Explain the types of market on the basis of time.

Answer»
  • Very Short Period Market: Markets which deal in perishable goods like, fruits, milk, vegetables, etc.,are called as very short period market. There is no change in the supply of goods.
  • Short Period Market: In certain goods, supply is adjusted to meet the demand. The demand is greater than supply. Such markets are known as Short Period Market.
  • Long Period Market: This type of market deals in durable goods, where the goods and services are dealt for longer period usages.


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