1.

State with reasons whether you agree or disagree with the following statements:Perishable goods have local market.

Answer»

Yes, I agree with this statement. 

Perishable goods have local market because:

  • Market confined to a particular area or locality like a village or town is called local market.
  • Perishable goods are those goods which last for 2-3 days e.g. Goods like fish, milk, fruits, vegetables, flowers, etc. usually have local market.
  • Since, such goods are get destroyed soon and if transported to far off markets places, transport cost would also be high, increasing the cost of goods.

Hence, perishable goods usually have local market.


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