Social Studies, 24.10.2021 14:40, lineaeriksen

Highlight the role of Market Committee in ensuring fair play in the market. (subject: Social Studies, civics)

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answered: vallhernandez13

Role of Market Committee in Ensuring Fair Play in the Market

An autonomous body composed of its representatives from many constituencies, such as merchants, farmers, local civic councils, etc., is a market council.

Marketing Committees advise the marketing department. Their role is to provide feedback on marketing activities, develop and refine innovative ideas, and act as a sounding board for marketing strategies and tools.

An idealised system in which the government controls supply and demand mechanisms like who accesses the economy or costs.

It facilitates trade among producers and sellers and at the same time safeguards farmers' rights.

The purpose is to eliminate dangerous and unscrupulous practises, minimise manufacturing costs and provide services for producers in the industry.

answered: hardwick744

Unregulated markets are where supply and demand are either not regulated or if regulated it is only with minor restrictions

Explanation:

Since raising profit is the biggest stimulus for businesses, they would try to cut costs unethically. The incentive to raise profit deliberately encourages dishonest actions in some circumstances.

Goods/services which are not profitable will not be made or managed. Rural areas as such would have to endure.

Yet large firms will dominate those markets where rivalry exists. Which helps retailers to raise their profits and by using manufacturers (by price reductions) and consumers (by charging higher prices).

Wealth is "uevenly distributed" – a limited proportion of population is rich, but most of them live in poverty.

Role of Market Committee in Ensuring Fair Play in the Market

An autonomous body composed of its representatives from many constituencies, such as merchants, farmers, local civic councils, etc., is a market council.

An idealised system in which the government controls supply and demand mechanisms like who accesses the economy or costs.

It facilitates trade among producers and sellers and at the same time safeguards farmers' rights.

The purpose is to eliminate dangerous and unscrupulous practises, minimise manufacturing costs and provide services for producers in the industry.

answered: Guest

which of the following is a subsurface event that takes place during the rock cycle?

cementing erosion melting weathering

answered: Guest

the awnser is that is tru your

lol bye

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Highlight the role of Market Committee in ensuring fair play in the market. (subject: Social Studi...