Question

why jewellery bussiness is not coming in perfect competition market
​

Answer 1

Answer:

Explanation:

Perfect competition describes a market structure where competition is at its greatest possible level. To make it more clear, a market which exhibits the following characteristics in its structure is said to show perfect competition:

1. Large number of buyers and sellers

2. Homogeneous product is produced by every firm

3. Free entry and exit of firms

4. Zero advertising cost

5. Consumers have perfect knowledge about the market and are well aware of any changes in the market. Consumers indulge in rational decision making.

6. All the factors of production, viz. labor, capital, etc, have perfect mobility in the market and are not hindered by any market factors or market forces.

7. No government intervention

Answer 2

Answer:

Now a days most of them not interested in  wearing gold jewellery ....and most of the poor poeple can't buy it . perfect competition is a theoretical market structure in which the following criteria are met: All firms sell an identical product (the product is a "commodity" or "homogeneous"). All firms are price takers (they cannot influence the market price of their product). Market share has no influence on prices.so that jewellery business not coming under perfect competition market .

Explanation:

HOPE THIS HELPS U !

MARK AS BRAINLIEST BUDDY :)