Illustrate out the meaning of a perfectly competitive market and in brief describe the main situation essential for a perfect market to exist.
How can Public Sector buyers accomplish their objective of value for money when buying in perfectly competitive market?
Illustrate out the possible disadvantages and advantages of a functional structure for a private sector organization. Demonstrate your answer.
Illustrate out the meaning of demand and supply in a market system. Illustrate each concept by means of a graph.
What effect can a substitute product for a normal good have on the demand curve of the good? Demonstrate your answer graphically.
Illustrate out what is meant by price elasticity of demand?