I.Com Part 1 Principles of Economics Chapter 5 Laws of Return Short Question Preparation


11th Class Principles of Economics
Chapter 5 Laws of Return Preparation

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11th Class Principles of Economics Chapter Wise Preparation

Online Short Questions For Chapter 5 "ICOM Part 1 Economics English Medium Chapter 5 Short Questions Preparation "

Try The Short Questions For ICOM Part 1 Economics English Medium Chapter 5 Short Questions Preparation

  • Total Questions10

  • Available Sets1

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Principles of Economics ( English Medium) - ICOM Part 1 Economics English Medium Chapter 5 Short Questions Preparation

Question # 1

What is perfect competition ?

  • Ans 1: Perfect competition is a market structure which has the following conditions.
    1. There are very large number of buyers and sellers in the market.
    2. The product of all the firms is homogenous.
    3. Freedom of entry and exit of firms.
    4. There is perfect mobility of factors.
    5. There is perfect knowledge about market.
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Prepare Complete Set Wise Questions For Chapter 5 "ICOM Part 1 Economics English Medium Chapter 5 Short Questions Preparation "

ICOM Part 1 Economics English Medium Chapter 5 Short Questions Preparation - Set 1

Question # 1

What is perfect competition ?

  • Ans 1: Perfect competition is a market structure which has the following conditions.
    1. There are very large number of buyers and sellers in the market.
    2. The product of all the firms is homogenous.
    3. Freedom of entry and exit of firms.
    4. There is perfect mobility of factors.
    5. There is perfect knowledge about market.
Submit

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11th Class Principles of Economics Chapter 5 Preparation

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