Deciding the size and nature of market is called ?->(Show Answer!)

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Deciding the size and nature of market is called ?->(Show Answer!)

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1. Deciding the size and nature of market is called

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MCQ->Deciding the size and nature of market is called....

MCQ->Read the following passage carefully and choose the most appropriate answer to the question out of the four alternatives. Most economists in the United States seem captivated by the spell of the free market. Consequently, nothing seems good or normal that does not accord with the requirements of the free market. A price that is determined by the seller or, for that matter (for that matter: so far as that is concerned), established by anyone other than the aggregate of consumers seems pernicious. Accordingly, it requires a major act of will to think of price-fixing (the determination of prices by the seller) as both "normal" and having a valuable economic function. In fact, price-fixing is normal in all industrialized societies because the industrial system itself provides, as an effortless consequence of its own development, the price-fixing that it requires. Modern industrial planning requires and rewards great size. Hence, a comparatively small number of large firms will be competing for the same group of consumers. That each large firm will act with consideration of its own needs and thus avoid selling its products for more than its competitors charge is commonly recognized by advocates of free-market economic theories. But each large firm will also act with full consideration of the needs that it has in common with the other large firms competing for the same customers. Selling a commodity at a price that is not more than that charged by competitors is....

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MCQ->In the following passage some of the words have been left out. Read the passage carefully and choose the correct answer for the given blank out of the four alternatives. There is an old story told of a man who ____into a deep sleep. His friend stayed by him as long as he____. Being compelled to go and fearing that he might be in want, the friend hid a_____in the old man's garment. When the old man____, not ____ that his friend had _____a jewel in his garment, he wandered about in _____, hungry. A long time afterwords, the two men met again. The friend told the poor man about the jewel and____him to look for it. Like the old man in the story, people _____about in this life, ____of what is hidden away in their inner nature, pure and untarnished. ____of what is hidden away in their inner nature, pure and untarnished.....

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