The minimum population required for a commodity to be sold in the market

Question

Question

This question was previously asked in

TNUSRB SI 2010 Official Paper (Held on 04 July 2010)

Answer 1

Correct Answer 200 - 300

Key Points

The minimum population required for a commodity to be sold in the market depends on a number of factors, including the type of commodity, the size of the market, and the demand for the commodity.

Type of commodity:

Some commodities, such as food and basic necessities, are in high demand and can be sold in markets with relatively small populations.
Other commodities, such as luxury goods, may require a larger population to generate enough demand to support a market.

Size of the market:

The size of the market also plays a role in determining the minimum population required for a commodity to be sold.
A larger market will have a larger pool of potential buyers, which can make it easier to sell a commodity.

Demand for the commodity:

The demand for a commodity is also important.
If there is a high demand for a commodity, then it can be sold in a market with a smaller population.
However, if there is low demand for a commodity, then it may be difficult to sell in a market with even a large population.

In general, the minimum population required for a commodity to be sold in the market is between 200 and 300 people.

However, this number can vary depending on the factors discussed above.