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.