Question

explain the meaning of bazaar canteen model?​

Answer 1

Answer:

Bazaar canteen system: The economic subsystem which combines both market economy and traditional economy. ... In this model, market factors are developed without increase in capital so businessmen try to increase their influence on politics and administration for personal ends.

Explanation:

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Answer 2

Answer:

Bazaar Canteen System is the monetary subsystem that combines each free market system and the conventional economic system, as a result product prices fluctuate.

Explanation:

• Bazaar canteen system is the economic subsystem of prismatic society.
• Prices are not fixed and also not decided on the basis of demands and supply.
• Product prices are set through advertising between people and officials, so they vary widely.
• Bargaining is one of the important features and prices change or fluctuate from customer to customer.
• Goods are sold at lower prices for some customers which is a feature of the canteen.
• A small phase exploits a large variety and controls the monetary institutions.

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