tugas b.inggris soft skill 'market'

The term ‘market’, as used by economist, is an extension of the ancient idea of a market as a place where people ghater to buy and sell goods. In former days part of a town was kept as the market or marketplac, and people would travel many kilometers on special marketdays in order to buy and sell various commodities. Today, however, market such as the world sugar market, the gold market and the cotton market do not need to have any fixed geographical location. Such a market is simply a set of conditions permitting buyers and sellers to work together.
In a free market, competition takes place among sellers of the same commodity, and among those who wish to buy the commodity. Such competition, influences the price prevailing are also affected by current supply and demand.
Whenever people who are willing to sell a commodity contact people who are willing to buy it, a market for that commodity is create. Buyers and sellers may meet in person, or they may communicate in some other way: by letter, by telephone or through their agents. In a perfect market, communications are easy, buyers and sellers are numerous and competition is completely free. In a perfect market there can be only one price for any given commodity: the lowest price which sellers will accept and the highest which consumer will pay. There are, however, no really perfect market, and each commodity market is subject to special conditions. It can be said however the the price rulling in a market indicates the point where supply and demand meet.

Question :
4. Describe the competition in free market !
8. What are the characteristic of a perfect market?

Answer :
4. In free market competition takes place among sellers of the same commodity, and among those who wish to buy that commodity.
8. The characteristic of a perfect market is there can be only one price for any given.

Nama : Sukini Nihardja
Npm/Kelas : 1A214499 / 1 EA 10
Kelompok:
Betyeka A.R
Herdila Septiaruwina
M.Harits Azzindani
Nabila Natasha
Sukini Nihardja

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