Economy, asked by phuphulydia, 6 months ago

characteristics of markets??​

Answers

Answered by Anonymous
5

Essential characteristics of a market are as follows:

One commodity: ADVERTISEMENTS: ...

Area: In economics, market does not refer only to a fixed location. ...

Buyers and Sellers: ...

Perfect Competition: ...

Business relationship between Buyers and Sellers: ...

Perfect Knowledge of the Market: ...

One Price: ...

Sound Monetary System:

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