Question

Write importance of market in four points.​

Answer 1

They facilitate trade. More trade means more production. More production means more employment and a higher national income. Markets are, therefore, essential for the development of industries and the economic growth of a country.

Four Points are given bellow:-

• Marketing Helps in Transfer, Exchange and Movement of Goods

• Marketing Is Helpful In Raising And Maintaining The Standard Of Living Of The Community

• Marketing Creates Employment

• Marketing as a Source of Income and Revenue