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प्रश्न
What is meant by Commodity Market?
उत्तर
A commodity market is a place where produced goods or consumer goods are bought and sold.
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संबंधित प्रश्न
Choose the correct option:
Classification of markets on the basis of place
a) Local market, National market, International market
b) Very short period market, Local market, National market.
c) Short period market, National market, International market.
d) Local market, National market, Short period market.
Characteristics of long period market:
- All factors of production and costs are variable.
- Firms are able to adjust all costs.
- It is for a few years, generally up to five years.
- Supply of commodity cannot be increased.
Monopoly: Price discrimination:: ______ : Product differentiation
Number of firms producing differentiated products which are closely related –
Find the odd word
Market on the basis of place -
Product differentiation is the main feature of ______.
Explain any four features of monopoly
State with reason whether you agree or disagree with the following statement:
There is product differentiation under monopolistic competition.
Give economic terms:
The period in which all factors of production are variable.
Find the odd word out:
Classification of markets on the basis of time:
