Mastering Agricultural Market Fundamentals
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Questions and Answers

What is the definition of a market?

A market consists of buyers and sellers with facilities to communicate with each other.

How is a market classified based on place or location?

A market can be classified as village markets, primary wholesale markets, secondary wholesale markets, terminal markets, or seaboard markets.

What are village markets?

Village markets are situated in a small village or 'taboan'.

Where are primary wholesale markets typically located?

<p>Primary wholesale markets are located near the centers of agricultural production.</p> Signup and view all the answers

What are terminal markets?

<p>Terminal markets are where the product is either finally disposed of to the consumers, processors, or assembled for export.</p> Signup and view all the answers

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