Market Structure and Pricing — Economics STD 11 — Question
Tamilnadu BoardEnglish MediumSTD 11EconomicsMarket Structure and Pricing3 Marks
Question
Classify markets based on quantity of the commodity.
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Answer
1 .Whole-sale market: It is for bulk selling and buying of goods. The price is likely to be low compared to the retail market. (Eg.) Clothing, Grocery etc.2. Retail market: It is the market for commodities in small quantities .(Eg.) Clothing, Vegetable, etc.
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