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प्रश्न
Explain the types of the market on the basis of time.
उत्तर
- Very Short Period Market:
Markets that deal in perishable goods like, fruits, milk, vegetables, etc. are called the very short period market. There is no change in the supply of goods. - Short Period Market:
In certain goods, supply is adjusted to meet the demand. The demand is greater than the supply. Such markets are known as Short Period Market. - Long Period Market:
This type of market deals in durable goods, where the goods and services are dealt for longer period of usages
APPEARS IN
संबंधित प्रश्न
Type of market showing some but not all the features of a competitive market –
The interaction of demand and supply to determine price of a commodity in perfect competition is ______.
Assertion (A): Product differentiation is the main feature of monopolistic competition.
Reasoning (R): Under monopolistic competition, all the products are perfect substitutes to each other
Distinguish Between
Monopoly and Monopolistic competition
Explain any four features of monopolistic competition
State with reason whether you agree or disagree with the following statement:
Seller is the price maker under perfect competition.
- Mention the equilibrium point and equilibrium price in above diagram. (2m)
- Explain the concept of equilibrium price with the help of above diagram (2m)
PASSAGE
Amul is the first choice of so many ice cream lovers in India among the top ice cream brand category. Amul brand, owned by Gujarat Co-operative Milk Marketing Federation, was established in 1946 in Anand, Gujarat.
The second on the list of top ice cream brands in India is Vadilal.
Cornetto and Magnum are one of the top ice cream brands in India owned by Hindustan Unilever. Mother Dairy is a very strong name in the Indian ice cream industry. This company is very similar to Amul, in terms of the products, they manufacture and sell. Another big player in the ice cream industry is Havmor. Havmor Company has been able to stand strong as one of the big fighters in the battle of top ice cream brands in India for very long. Ice cream market also has local and less popular brands apart from the top brands.
Amul was (and still is) in the Guinness record for running the longest- ever advertising campaign. The advertising strategy of Amul through digital marketing made the most of it through platforms such as Facebook, Twitter, Instagram, and others.
- Identify the most important feature of the ice cream market (1 marks)
- Identify the type of cost incurred by firms on advertising campaigns and strategies. (1 marks)
- Express your personal opinion about the ice cream market based on the above information (2 marks)
What is mean by Regulated Market?
Give economic terms:
The period in which all factors of production are variable.
