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Understanding the Market — Entrepreneurship STD 11 Commerce — Question

CBSE BoardEnglish MediumSTD 11 CommerceEntrepreneurshipUnderstanding the Market1 Mark
Question
“Markets have a very dynamic concept which is constantly evolving with the changing times”. In the light of the above statement, state the different concepts of market.
✓

Answer

The concepts pertaining to market can be classified as follows:
  1. Traditional concept of market.
  2. Scientific concept of market.
  3. Modern concept of market.
  4. Emerging concept of market.

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