General Knowledge - Basic General Knowledge - Discussion

Discussion Forum : Basic General Knowledge - Section 1 (Q.No. 71)
71.
Free market is
a condition in the international market where nations do not impose customs duty or other taxes on import of goods
market where the price of a commodity is determined by free play of the forces of supply and demand
ports that are exempted from payment of customs duty on articles of commerce, primarily to encourage tourism
None of the above
Answer: Option
Explanation:
No answer description is available. Let's discuss.
Discussion:
10 comments Page 1 of 1.

Santosh said:   1 decade ago
What is mean by commodity?

Sundar said:   1 decade ago
Commodity: A raw material or primary agricultural product that can be bought and sold, such as copper or coffee.

Sneha said:   1 decade ago
http://en.wikipedia.org/wiki/Free_market

Anushree said:   1 decade ago
What is the actual meaning of free market?

Nish said:   1 decade ago
Market where the price of a goods is determined by free forces of supply and demand.

Shivani said:   1 decade ago
What is free forces of supply?

Piyali kanrar said:   1 decade ago
Free forces of supply means supply will done without any prevention.

Oshin jangir said:   8 years ago
Where the government imposes few or no restrictions and regulations on buyers and sellers. In a free market, participants determine what products are produced, how, when and where they are made, to whom they are offered, and at what price all based on supply and demand.

Shuvam Sar said:   4 years ago
The free market is an economic system based on supply and demand with little or no government control. It is a summary description of all voluntary exchanges that take place in a given economic environment. Free markets are characterized by a spontaneous and decentralized order of arrangements through which individuals make economic decisions.

Vijay said:   4 years ago
Where it will be held? Give details about it.

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