Pradeep and his son, Vinay, went to the market beside their house to buy few fresh vegetables. On the way back home, Vinay demanded his favourite fruit from the vendor nearby. What kind of market were they in?
A
Regional Market
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B
Local Market
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C
National Market
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D
International Market
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Solution
The correct option is B Local Market The markets that are found in the locality or the nearby area are known as Local Markets. These markets sell products and services to consumers in their own city, town, or geographic area. These markets are common for the sale of fresh and locally sourced products. Mostly these markets sell perishable goods of daily use. The products you find here are super fresh as they are grown and sold immediately. For example, fish, eggs, vegetables, fruits, milk, etc.