Question

components of rural marketing information system?​

Answer 1

Answer:

For the market to exist, certain conditions must be satisfied. These conditions should be both necessary and sufficient. They may also be termed as the components of a market.

1. Existence of a good commodity for transactions (physical existence is, however, not necessary)

2. Existence of buyers and sellers

3. Business relationship or intercourse between buyers and sellers; and

4. Demarcation of area such as place, region, country or the whole world. The existence of perfect completion or a uniform price is not necessary.