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Question
Class 7Social ScienceUnderstanding Markets

Match the following types of markets with their characteristics:

S.No.

Markets

Criteria

1

Physical market

Goods and services flow outside the nation’s boundaries

2

Online market

Deals in bulk quantities

3

Domestic market

Serves the final consumers with goods and services

4

International market

Requires physical presence of buyers and seller

5

Wholesale market

Buyers and sellers meet virtually and can transact at any time

6

Retail market

Lies within the boundaries of a nation

Verified Answer

S.No.

Markets

Criteria

1

Physical Market

Requires physical presence of buyers and sellers

2

Online Market

Buyers and sellers meet virtually and can transact at any time

3

Domestic Market

Lies within the boundaries of a nation

4

International Market

Goods and services flow outside the nation’s boundaries

5

Wholesale Market

Deals in bulk quantities

6

Retail Market

Serves the final consumers with goods and services

Match the following types of markets with their characteristics: S.No. Markets Criteria 1 Physical market Goods and services flow outside the nation’s boundaries 2 Online market Deals in bulk quantities 3 Domestic market Serves the final consumers with goods and services 4 International market Requires physical presence of buyers and seller 5 Wholesale market Buyers and sellers meet virtually and can transact at any time 6 Retail market Lies within the boundaries of a nation | Shiksha Nation