Markets And Equality
Markets And Equality
Markets And Equality: One is a small trader with little money to run the shop whereas the other is able to spend a lot of money to set up the shop. They also earn unequal amounts. The weekly market trader earns little compared to the profit of a regular shop owner in a shopping complex. Similarly, buyers are differently placed. There are many who are not able to afford the cheapest of goods while others are busy shopping in malls. Thus, whether we can be buyers or sellers in these different markets depends. Among other things, on the money that we have.
The chain of markets that is formed before goods can reach us. It is through this chain that what is produced in one place reaches people everywhere. When things are sold, it encourages production and new opportunities are created for people to earn.
Cost plus pricing is ________________________- | |||
| Right Option : B | |||
| View Explanation |
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