Economy, asked by shahvaishvi100, 6 months ago

(10) For what reason has the market of perishable commodities like vegetables, milk etc become national or international

Answers

Answered by RathinRajan
0

Answer:

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Explanation:

A market is a place where buyers and sellers can meet to facilitate the exchange or transaction of goods and services. ... Other examples include the black market, auction markets, and financial markets. Markets establish the prices of goods and services that are determined by supply and demand.

10)Perishable foods are foods like fresh meat, seafood, and ripe fruits. While non-perishable are items that do not spoil or decay. for example; canned goods, all pasta types, sugar, flour, curls (and chips if air-sealed), spices are non perishable as well.

11)Expansion of demand refers to the period when quantity demanded is more because of the fall in prices of a product. However, contraction of demand takes place when the quantity demanded is less due to rise in the price o a product.

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