Market: Where Exchanges Happen
What is a market?
Place where buyers and sellers meet to exchange.
A place where factors are sold.
A place where products and services are traded.
a place where products are produced.
Answer:
A market is a place where buyers and sellers meet to exchange goods and services. Prices are determined by the forces of supply and demand.
Explanation:
A market is a place where buyers and sellers meet to exchange goods and services. It is a platform where transactions take place. In a market, prices are determined by the forces of supply and demand. For example, a grocery store is a market where customers can buy various products such as fruits, vegetables, and packaged goods.