Please enable JavaScript.
Coggle requires JavaScript to display documents.
lecture 6: MARKET (ideal market is having: (buyers, regulator, seller,…
lecture 6: MARKET
ideal market is having:
buyers
regulator
seller
implementation
it is a set of
sellors
purchaser
buyers
total cost: fixed cost +variable cost
variable cost: electricity etc
fixed cost: salaries, labor cost etc
costing in economics
costing factors of product
labor cost
process cost
raw material
texation
operation
pakistan has 11 sector
divides into 32 to 93 to 125
perfect competition
regulators should be neutral
Singapore has a market close to perfect market
perfect market institution
imbalance cause imperfection in market
economy of sector increase or decrease
regulators are government