Market Classification Quiz

• The total demand for goods and services
• A specific location for buying and selling goods
• The outline of all buyers and sellers in a specific area (correct)
• A place where goods are produced

• Market where goods are produced locally
• Market with international competition
• Market with limited demand for goods
• Competition between purchaser and seller is localised and limited at a specific market (correct)

• Market with international buyers and sellers
• Sale and purchase of articles is localized to a state only and not outside the state (correct)
• Market where goods are only sold within a city
• Market with limited sellers within a region

<p>A market where goods are bought and sold across different countries (B)</p> Signup and view all the answers

<p>When the demand of the goods is in the nation as a whole (A)</p> Signup and view all the answers