i. ……… is the place where transaction of buying and selling of goods and services take place in exchange of money or money’s worth.

Question

Complete the sentence

i. ……… is the place where transaction of buying and selling of goods and services take place in exchange of money or money’s worth.

ii. …………refers to a market situation when there is a single buyer of a commodity or service.

iii. …………….. is a slip which is found on the product and provides all the information regarding the product and its producer.

Answer 1

i. Market

ii. Monopsony

iii. Label