Maharashtra Board Class 12 Solutions for Economics Chapter 5 Forms of Market

VSAT 2022

Maharashtra Board Class 12 Solutions for Economics Chapter 5 Forms of Market – Download Free PDF with Solution

Where do the buyers and sellers meet? Where does the exchange of commodities with money occur? It is the place called a market. There are different versions and definitions of the market in Economics. Class 12 Economics Chapter 5 explains what a market is and its different forms.


To understand the concepts of this chapter, refer to the Forms of Market Class 12 solutions prepared by the experts of Vedantu. These solutions have been compiled following the latest Maharashtra Board syllabus to cover all the concepts mentioned. You will get good assistance while studying this chapter and clarifying your doubts.

Importance of Maharashtra Board Class 12 Economics Chapter 5 Forms of Market

A market is an arrangement where the buyers can connect with the sellers to find the respective products in exchange for money or any other transaction. It means it is the place where the exchange of services and goods takes place.


There are multiple features of a market. This chapter will explain these features and how a market is defined. It will also define the different forms of market. It explains how sellers and buyers may or may not be in direct contact while exchanging products and services.


The presence of different Forms of Market is very crucial for the study of Economics. A market can be spread across a region or even a country. It can also cross the boundaries and go international. The impact of international markets can be seen in the economy of the involved countries.


On proceeding further, this chapter will explain and classify markets based on competition, time, and place. The definition of these classifications will help you understand the different other terminologies used in Economics. To understand these definitions, concepts, descriptions, and derivations, focus on the Maharashtra Board Class 12 Economics Solutions Chapter 5 Forms of Market compiled by the experts.


Benefits of Forms of Market Class 12 Solutions PDF

  • By using the Forms of Market Class 12 Solutions PDF, you can refer to the easier version of the concepts and principles of this chapter. It will take less time to prepare this chapter.

  • You will also get exceptional support in resolving doubts about this chapter by using these solutions. You can download these solutions and use them at your convenience. Hence, there is no need to wait to get your queries resolved.

  • The easier format of these solutions and solutions will help you proceed with the preparation of the syllabus. You can memorise the definitions and basic concepts using this easy format. You will also be able to recall what you have studied during an exam and compile the right answers.

  • By following the Forms of Market Class 12 solutions to all the exercise questions, you will learn how the experts have formulated the answers. Follow these formats and score well in the board exams.

Download Forms of Market Class 12 Economics Solutions PDF

Get the free PDF version of Forms of Market Class 12 solutions and make it your study companion. You can refer to these solutions whenever you want. Test your preparation level by answering the exercise questions. Compare your answers to the solutions and find where you need to work more.

FAQs on Maharashtra Board Class 12 Solutions for Economics Chapter 5 Forms of Market

1. What is a local market?

A local market is defined as a place where people of the locality meet sellers to buy commodities.

2. What is an international market?

An international market is defined as a place irrespective of the borders of countries where buyers can meet sellers and exchange goods and services.

3. What is a virtual market?

The advent of digital platforms has given birth to virtual markets. These are digital platforms where buyers can meet sellers to exchange goods and services.

4. What is a monopoly?

When there is a single seller of a commodity in a market, it is called a monopoly.

5. What is oligopoly?

A market where there is limited competition due to the presence of multiple producers and sellers is called an oligopoly.

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