Write a note on the classification of Markets based on time and area.
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Market according to time. Marshall classified market based on the time element. ... It means only the division of time based on extent of adjustability of supply of a commodity for a given change in its demand. The major divisions are very short period, short period and long period.
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Market according to time. Marshall classified market based on the time element. ... It means only the division of time based on extent of adjustability of supply of a commodity for a given change in its demand. The major divisions are very short period, short period and long period.
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