Advertisements
Advertisements
Question
Regulated Market operates according to forces of demand and supply.
Options
True
False
Advertisements
Solution
This statement is False.
Explanation:
A regulated market functions under the supervision of government authorities to ensure fair practices, standardized weights, and prevention of exploitation. It does not operate solely on demand and supply but follows set rules and regulations to protect farmers and consumers.
RELATED QUESTIONS
Perishable goods such as vegetables, fruits, milk products, etc. are sold in Market ______.
Write a word/term/phrase for the following sentence.
The market is where goods are sold to the ultimate consumers or the users of the product.
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.
In the wholesale market, sellers are known as retailers and buyers are known as wholesalers.
Find the odd one.
Answer in one sentence.
What do you mean by 'Local Market'?
Arrange in proper order:
Local market, International market, National market.
Explain types of the market on the basis of time.
Justify the following statement.
The market can be classified on the basis of competition.
Explain different types of markets in detail.
Justify the following statement.
The market can be classified on the basis of time.
Explain the following term/concept in detail.
Imperfect Market
Unregulated market operates according to forces of demand and supply.
Explain the following term/concept in detail:
Duopoly
