CBSE Class 8 Answered
What are the benefits of a market?
Asked by gspublicschool | 19 Mar, 2019, 06:23: AM
Expert Answer
- Markets are essential for the functioning of any economy. It is in markets that the sellers sell their goods and consumers buy the goods.
- In markets, most commodities are available at one place and there is no need to go to different places or areas to buy different things.
- Market offer variety of choices to the consumers.
- Free market increase the competencies of manufacturers and sellers. The manufacturers try to manufacture products that are cheap and efficient so that these could be easily sold in the markets.
Answered by Social Science Expert | 19 Mar, 2019, 07:09: AM
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