State whether following the statements are True or Falsei. The term m

1.	State whether following the statements are True or Falsei. The term market is derived from the Latin word ‘mercatus’.ii. Market may be defined as aggregate demand by potential buyers for a product or service.iii. The market for the commodities which are produced in one country and sold in another countries is known as national market.iv. In wholesale market sellers are known as retailers and buyers are known as wholesaler.v. Regulated Market operates according to forces of demand and supply.
Answer» i. True ii. True iii. False iv. False v. False

State whether following the statements are True or Falsei. The term market is derived from the Latin word ‘mercatus’.ii. Market may be defined as aggregate demand by potential buyers for a product or service.iii. The market for the commodities which are produced in one country and sold in another countries is known as national market.iv. In wholesale market sellers are known as retailers and buyers are known as wholesaler.v. Regulated Market operates according to forces of demand and supply.

Answer»

i. True

ii. True

iii. False

iv. False

v. False