Forms of Market — Economics STD 12 Commerce / Arts — Question
Maharashtra BoardEnglish MediumSTD 12 Commerce / ArtsEconomicsForms of Market4 Marks
Question
Perishable goods have local market.
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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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