Advertisements
Advertisements
प्रश्न
What is meant by 'market' in economics?
Advertisements
उत्तर
'Market' means a group of shops where buyers and sellers can engage in transactions of goods and services. It refers to a market place. But in economics, the term market is used in a somewhat wider sense. It refers to the market for a commodity containing the buyers and sellers of this commodity. The buyers and sellers of the commodity are in competition with one another.
APPEARS IN
संबंधित प्रश्न
The firm under perfect competition is a ______.
The products which are identical in design, shape quality, size, colour, packing, etc. are ______.
The demand for rice by all the people in your area will be called as ______ demand.
Explain any five ways of exploitation of consumers in a market.
Define the term oligopoly market.
Mention any three features of an oligopoly market.
Which market provides long-term finance to business enterprises?
______ is an interaction where as ______ is a process.
A market is a mechanism through which ______ are exchanged.
Why can an online book platform be called a market in economics?
