Commercial Applications
State any two types of markets on the basis of subject of exchange.
Markets & Marketing
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Answer
On the basis of subject of exchange, two types of markets are:
Commodity Market: This is an organised market where commodities (e.g., cotton, cloth) are bought and sold according to prescribed rules and regulations.
Capital Market: This is a specialised market for providing long-term finance to business enterprises. It comprises specialised financial institutions, stock exchanges, investment trusts and insurance companies.
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