ECONOMICS
ECONOMIC SYSTEMS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Command
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Market
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Mixed
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Traditional
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Detailed explanation-1: -Slide 4: Direct market example: “A farmer’s market is a direct market, because you do the work to sell the vegetables.”
Detailed explanation-2: -Example #1 Company A sells Mangoes. During summer there is a great demand and equal supply. Hence the markets are at equilibrium. Post-summer season, the supply will start falling, demand might remain the same.
Detailed explanation-3: -Direct farm marketing can be activities where a farmer sells products grown on the farm to the consumer through U-pick, roadside stand or farmer’s market, community supported agriculture, rent-a-row, or mail order.
Detailed explanation-4: -Agricultural Marketing – Top 7 Types: Primary Market, Secondary Market, Terminal Market, Fairs, Regulated Markets, Co-Operative Markets and State Trading.