12th Economics Classes online - Determinants of Market Takshila Learning is also bringing to you some theoretical knowledge in the form of blogs and write-ups. The following blog carries detailed information about “ Determinants of Market ” from Class 12 Economics . Determinants of Market A market is a whole of the region in which buyers and sellers of a commodity are in close contact and perform the function of sale and purchase of a commodity. PERFECT KNOWLEDGE Uniformity in the price of a commodity in different parts of the market will prevail if the buyers and sellers have complete and perfect knowledge about the prices and costs of goods in the market. This will actually give rise to competition in the market. You can read previous article Economics Notes CBSE Class 12 Exceptions To The Law Of Demand MOBILITY OF GOODS AND FACTORS If there is no mobility (i.e. freedom of movement) of goods and factors of production of a commodity, the sellers charge dif
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