Tugas Soft Skill 3
The term ‘market’, as used by
economists, is an extension of the ancient idea of a market as a place where
people gather to buy and sell goods. In former days part of a town was kept as
the market or marketplace, and people would travel many kilometers on special
market days in order to buy and sell various commodities. Today, however,
markets 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 that
commodity. Such competition, influences the prices prevailing in the market. Prices
inevitably fluctuate, and such fluctuations 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 created. 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 consumers will pay. There are, however, no really perfect
market, and each commodity market is subject to special conditions. It can be
said however that the price ruling in a market indicates the point where supply
and demand meet. (taken from A Rapid Course in English for Student of Economics
by Tom McArthur).
The questions and answers of number 1
and 2
1.
the main idea of paragraph 1 is the term
‘market’, as used by economists, is an extension of the ancient idea of a
market as a place where people gather to buy anda sell goods.
2.
The difference between the market in
former days and today is.
-
In former days part of a town was kept
as the market or market place, and people would travel many kilometers on
special market days in order to buy and sell various commodities.
-
Where as Today, however, markets such as
the world sugar market, the gold market and the cotton market do not need to
have any fixed geographycial location.
Nama : Putri Aristya Devi
NPM : 25212756
Kelas : 3EB10
Nama Kelompok:
1.
Esty Putri Ratnasari
2.
Hastyn Haula Ulva
3.
Putri Aristya Devi
4.
Risda Aditya
5.
Selviana
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