History and Meaning of the Word 'Market'
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Questions and Answers

What does the word 'market' mean in the context of 'super market'?

  • A phase of commercial activity
  • Potential buyers and sellers of a product
  • A place where commodities are bought and sold (correct)
  • An organization providing facilities for commodity exchange

    • Which term is NOT used for describing markets in India according to the text?

  • Painths
  • Haats
  • Fruitstands (correct)
  • Shandies

    • What is the sphere within which price determining forces operate?

  • A market in the economic sense (correct)
  • Bombay stock exchange
  • Bright market
  • Dull market

    • What is the meaning of the old English saying 'two women and a goose may make a market'?

    <p>A gathering for the sale or purchase of commodities</p> Signup and view all the answers

    In which type of market do potential buyers and sellers of a country or region participate?

    <p>'Indian market'</p> Signup and view all the answers

    What does a 'market' represent in an organization like the Bombay stock exchange?

    <p>'A place of exchange'</p> Signup and view all the answers

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