Question

What are periodic markets?

Answer 1

ANSWER :

We all know that a market is a place where buyers and sellers meet and where business transactions are done. A “periodic Market” is an authorised public gathering of buyers and sellers of commodities at an appointed place at regular intervals. Market centres are the places to which consumers travel to buy or exchange goods. A market is necessarily a place of large number of simultaneous person to person transactions. But apart from being a point of economic contact they also serve as places of social and cultural interactions.

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