1. Market means a particular place where buyer and seller meet each other and buy and sell commodities . But in economics it doesn’t mean any particular place but…
1. Market means a particular place where buyer and seller meet each other and buy and sell commodities . But in economics it doesn’t mean any particular place but…
Market Models /Structures* *are theoretical frameworks for existing firms and industries in the real world. Basic market models: 1. Pure/ perfect competition- a market situation…