ECONOMICS (CBSE/UGC NET)

ECONOMICS

ECONOMIC GROWTH

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Which is a right of a business?
A
Engage in fair labor practices and fair competition.
B
Participate in markets for the purpose of exchanging goods and services.
C
Either A or B
D
None of the above
Explanation: 

Detailed explanation-1: -Barter is an alternative method of trading where goods and services are exchanged directly for one another without using money as an intermediary.

Detailed explanation-2: -Currency is a type of token that is used in exchange for goods and services. Currency of every country differs in value.

Detailed explanation-3: -The exchange of goods in return for other goods or services is called Barter System.

Detailed explanation-4: -Barter is a system of exchange where participants in a transaction directly exchange goods or services for other goods or services without using money.

There is 1 question to complete.