Morning tomatoes command high prices because they are completely fresh and customer footfall peaks. By evening, vendors drop prices sharply to quickly sell off perishable inventory and avoid total financial loss overnight from rot.
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Virat
Asked: In: Class 9 Social Science
A market economy grants the most individual freedom and drives innovation best. Intense private enterprise competition, unrestricted consumer choice and the search for profits incentivize firms to invent superior technologies and products.
Kriti
Asked: In: Class 9 Social Science
The farmer cost of production decreases substantially due to reduced resource usage and higher efficiency. Consequently, his willingness to supply at various prices increases and widespread adoption increases the overall market supply.