Question

Sagar and Aditi two fashion designers from Delhi decided to sell their designer

outfits to rich market segment by providing them facility of customizing the outfit as

per their needs. So they made a website 'myfashion.com' as they don't want to spend

too much finance on opening retail outlet in a costly market. Sooner they starting

getting good response not only from Delhi but also from other cities like Chandigarh,

Jaipur, etc.

(a) Name and state the form of business highlighted above by quoting the lines.

(b) Also identify two advantages of above form of business highlighted above by

quoting the lines.​

Answer 1

Answer:

closed-household economy is a society's economic system in which goods are not traded. Instead, those goods are produced and consumed by the same households. In other words, a closed-household economy is an economy where households are closed to trading.

Explanation:

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