Describe four types of market based on time.
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four types of market based on time are
very short period -this type of market has a very short time existence .for example milk ,fruits ,vegetables.
2.short period - the time span is so short that the firm cannot incre its supply. example - perishable goods .
3.long period - this type of market includes non perishable goods .
4 . Secular period - this time period is very long more than 10 years .in which demand fully adjust itself with supply .
hope it will help u .
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