Advertisements
Advertisements
Question
A market is
Options
Only a place to buy things
Only a place to sell things
Only a place where prices adjust
A system where persons buy and sell goods directly or indirectly
Solution
A system where persons buy and sell goods directly or indirectly.
APPEARS IN
RELATED QUESTIONS
The equilibrium price is the price at which
“Economics studies human behaviour as a relationship between ends and scarce means which have alternative uses” is the definition of economics of
“Economics is a science” The basis of this statement is —
Utility means
Which one of the following is not a point in the Welfare Definition of Economics?
______ have exchange value and their ownership rights can be established and exchanged
Identify the correct characteristics of utility
Total revenue is equal to total output sold multiplied by
What are goods?
Distinguish goods from services.
Name any two types of utility.
What are the different features of services?
