GK
BUSINESS ECONOMICS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Total of all the things you own that have a value, or could create money for you in the future
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Price at which buyers and sellers agree to trade in a free market
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The total amount of a product (good or service) available for purchase at any specified price.
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A value that will purchase a finite quantity, weight, or other measure of a good or service.
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Detailed explanation-1: -The market price is the current price at which a good or service can be purchased or sold. The market price of an asset or service is determined by the forces of supply and demand; the price at which quantity supplied equals quantity demanded is the market price.
Detailed explanation-2: -In any market transaction between a seller and a buyer, the price of the good or service is determined by supply and demand in a market. Supply and demand are in turn determined by technology and the conditions under which people operate.
Detailed explanation-3: -How to Trade in Stock Market? Also known as the market price, trade price of a commodity is the price at which it is currently selling in the market. In the context of trading, the price at which a share is being purchased or sold in the stock market at a given point of time is known as its trade price.