Question 17 of 36
Q.A market is :
(a) Only a place where prices adjust
(b) Only a place to buy things
(c) A system where persons buy and sell goods directly or indirectly
(d) Only a place to sell things
Tamil Nadu DgeTamil Nadu HSC First Year (DGE) Commerce Board 2022MCQ· 1mImportance★★★★★
47% · 17/36 Questions
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Start your 14-day free trial to unlock the full solution →A market is a system in which persons buy and sell goods directly or indirectly.
In economics, a market does not mean only a particular place to buy or sell things. It refers to the whole set of arrangements by which buyers and sellers come into contact to exchange goods and services — this contact may be direct (face to face) or indirect (through telephone, internet, agents, etc.). Therefore a market is best described …
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