Softskill Bahasa Inggris
Nama
: Septi Ratna Sari
NPM
: 1A214144
Kelas
: 1EA10
Tugas
Softskill Bahasa Inggris 2
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 in order to buy and sell various commodities.
Today, however, ,arket 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 condition permitting buyers and sellers to work
together.
In a free market, competition takes
place among sellers of the same commodity, and among those who wih to buy that
commodity. Such competition, influences the price prevailing in the market.
Prices inevitably fluctuate, and such fluctuationsare 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, communication
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 wil 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)
Questions
7.
What three
means are mentioned by which buyer and seller can communicate if they do not
meet in person?
Answer:
If buyer and seller do not meet in
person, they may communicate in some other way: by letter, by telephone or through
their agents
8.
What are the
characteristics of a perfect market?
Answer:
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.
Nama Kelompok :
1. Septi Ratna Sari (1A214144)
2. Eka Kumala Sari (13214425)
3. Wulan Dari Fitrianti (1C214325)
4. Ariska Yulianti (11214650)
5. Kharina Lutfiar Fidyaputri (15214857)
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