Asked by Cortni Mckinney on May 02, 2024
Verified
A market is a group of buyers and sellers of a particular good or service.
Market
A place or platform where buyers and sellers come together to trade goods, services, or financial instruments.
- Define a market and understand the various types of markets.
Verified Answer
CJ
CORPUZ, Jahelma M.May 09, 2024
Final Answer :
True
Explanation :
A market is indeed defined as any arrangement that allows buyers and sellers to exchange goods and services, thus involving a group of buyers and sellers of a particular good or service.
Learning Objectives
- Define a market and understand the various types of markets.