The prices that are set by government rather than by negotiation between a seller and a buyer are known as

Related MCQs

• seller or buyer protects his business or holdings from changing prices and takes action against it. It is known as -
• The action taken by a buyer or seller to product his business or assets against a change in prices is called
• The system of agricultural support by which market prices are fixed at above free market levels and government buys surpluses, thus supporting prices and raising farmer’s income is called:
• An arrangement between a seller and buyer under which a period of credit is allowed before payment is called:
• In an organized market, an intermediary between a buyer and a seller is called:
• The type of currency issued by government as legal tender the value of which is based solely on decree or law rather than actual coin or precious metal reserves is termed as:
• A very high rise in National Income at current market prices and a low rise at constant prices reveals -
• A commodity for which demand increases at higher prices and falls at lower prices is termed as:
• A trade of goods and services in the exchange for other goods or services rather than for money is known as:
• The inefficiencies associated with employing a representative to carry out a task for you rather than carrying it out yourself are known as in economical terms as