Konesia is a country in which rising incomes are increasing the global demand for basic products and services.Which of the following is the type of market featured in this country?
A) traditional market
B) emerging market
C) feudal market
D) virtual market

Question

Quizplus · Accepted Answer

The description of rising incomes and increasing global demand for basic products and services is characteristic of an emerging market, which typically refers to countries experiencing rapid economic growth and development. Traditional markets usually refer to pre-modern or historical market systems, while feudal markets refer to economic systems characterized by feudalism, which is an outdated system of social hierarchy and land ownership. Virtual markets refer to online or digital marketplaces.

Konesia Is a Country in Which Rising Incomes Are Increasing