Markets Around Us (Assignment Sheet)
VERY SHORT QUESTIONS ANSWERS(1 Marks)
Q1: Who are traders? Q2: What is a market?
Q3: What are the factors that determine the price of a commodity in the market?
Q4: Define credit.
Q5: Define auctioning.
Q6: What is the basis on which a shopkeeper decides which brand to sell and which not?
Q7: Define inflation.






