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प्रश्न
Explain the following term/concept in detail.
Imperfect Market
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उत्तर
An imperfect Market refers to a market situation that is characterised by market imperfection such as a single seller, maladjustment in demand and supply, imperfect knowledge on the part of buyers or sellers, etc.
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संबंधित प्रश्न
Write a word/term/phrase for the following sentence.
Type of market where durable commodities that are generally non-perishable in nature are sold.
Write a word/term/phrase for the following sentence.
Two sellers, selling either a homogeneous product or a differentiated product.
The market for the commodities which are produced in one country and sold in other countries is known as the national market.
Find the odd one.
Answer in one sentence.
What do you mean by 'Local Market'?
Answer in one sentence.
What do you mean by 'Regulated Market'?
Correct the underlined word and rewrite the following sentence.
Commodity Market refers to the market for borrowing and lending long term capital required by the business.
Correct the underlined word and rewrite the following sentence.
In a duopoly, there is a single seller.
Arrange in proper order:
Local market, International market, National market.
Explain different types of markets in detail.
______ market is for commodities that are produced in one country and sold in another country.
Explain the following term/concept in detail.
Monopsony
Justify the following statement.
The market can be classified on the basis of volume.
Monopoly refers to a market situation when there is a single buyer of a commodity or service.
Unregulated market operates according to forces of demand and supply.
Market can be classified on the basis of importance and area covered.
Explain the following term/concept in detail:
Monopoly
Explain the following term/concept in detail:
Duopoly
