[[1]] market is the place where goods are sold directly to the consumer

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Detailed Solution

A retail market is a place where goods are sold directly to the consumer.
In this market, one can buy everything like tea, toothpaste, soap, rice, shampoo, pulses, etc. Thus this market aims to fulfil all demands of the consumers. Here, the consumers feel free to select the goods of their choice. The satisfaction of the consumer is the main motto of this market. The price here is determined by the demand for a particular thing and its availability. Retail markets can be divided into weekly markets, shops in the neighbourhood, shopping complexes and malls, etc.

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Largest All India Test Series for JEE/NEET

Best Online Course for IIT JEE

Best Online Course for NEET

Best Online Course for CBSE