Sunday, December 13, 2009

Unit 1: Markets in action

A great liile BBC clip showing the workings of a Tanzanian fish market

http://news.bbc.co.uk/1/hi/business/8408895.stm

a) Who supplies fish to the maket
b) Who buys fish in the market?
c) How is the market price determined for any fish?
d) Does this fish market meet the economic definition of a market?

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