Question

How many markets are found in your area wite in brief about them

Answer 1

Answer:

There are two types of markets:

• Retail markets - Retail markets are those where the producer or trader directly sells the goods to the consumer for his/her personal needs. People who have retail shops are known as retailers.

• Wholesale markets - Wholesale markets are those where manufacturer sells large stock of goods to the shopkeepers rather than selling to individual customers. People who are involved in wholesale markets are called wholesellers.