Question
A market characterized by large number of sellers and
buyers and homogenous product is known asSolution
Perfect competition is a type of market where there are large number of buyers and sellers who deals in homogeneous product due to which no individual unit is able to influence the price of the product and the firms have to quote the price that prevails in the market because of the customer's knowledge about the price.
In the context of public services, what does "professional competence" emphasize?
In the context of justice, what does the libertarian theory emphasize?
Why is emotional intelligence important in personal and professional life?
In financial decision-making, what does prudence suggest?
Why should civil servants be concerned about their public image?
What is the behavioral component of attitudes related to?
What does temperance entail in personal behavior?
What is an essential skill in successful negotiations?
What does the term "nonmaleficence" mean in moral principles?
What role do emotions play in interpersonal communication?
Relevant for Exams:
