The towns and cities where all the buying and selling take place are known as _____.
Answer & explanation
Correct answer: option 3
The correct answer is Option 3: Trading centres
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Trading centres are towns and cities where all kinds of buying and selling activities take place — wholesale, retail, import, export, etc.
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Wholesale centres ➔ Places where goods are sold in large quantities (bulk).
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Retail centres ➔ Places where goods are sold directly to consumers (small quantities).
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Periodic markets ➔ Temporary markets set up at regular intervals (like weekly markets in villages).