Many times we read a term “Free Market” in newspapers. What does it mean? It is a market where pricing is driven by the laws of supply and demand. In free market things are available without restraints of the government. In such market, goods are free from extraneous influences such as buffer or quotas. Codes : Options: A . &nbsponly 3 B . &nbsponly 1 C . &nbsponly 2 D . &nbspBoth 1 and 2

Many times we read a term “Free Market” in newspapers. What does it mean? It

Question

Many times we read a term “Free Market” in newspapers. What does it mean?

It is a market where pricing is driven by the laws of supply and demand.
In free market things are available without restraints of the government.
In such market, goods are free from extraneous influences such as buffer or quotas.

Codes :

Options:

A . only 3

B . only 1

C . only 2

D . Both 1 and 2

Answer: Option D
Answer: (d)

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