The Open Market

A conceptual illustration depicting the dynamics of an open market, with elements symbolizing labor, competition, and economic growth in a vibrant, engaging style.

Understanding The Open Market

Test your knowledge of economic concepts related to labor, market competition, and business growth. This quiz will challenge your understanding of essential terms and phrases that shape our economic landscape.

10 thought-provoking questions
Focus on economic terminology
Perfect for students and enthusiasts alike

10 Questions2 MinutesCreated by AnalyzingMarket99

What word in paragraph 1 suggests that 'labour' should be understood in an exact sense, related to economics?

Which word can be taken as the opposite of 'objective'?

What word in paragraph 2 indicates that a man is working only for himself?

What word in paragraph 3 means 'regular expenses'?

What phrase in the 4th paragraph is taken from farming to suggest that a surplus returns to the system from which it came, in order to make business 'grow' faster?

What word in paragraph 5 represents a 'set of conditions' and not a 'geographical location'?

What word between lines 56-66 indicates that market competition should be completely free?

What word in the next to last paragraph refers to a very limited group of sellers working together to restrict trading opportunities?

What adjective in the last paragraph shows that such services as national airlines have great social value?

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