BACHELOR OF BUSINESS ADMINISTRATION

Detailed explanation-1: -The correct option is A Market. Market is a location, more like a physical place, where buyers and sellers meet to exchange their goods and services. In economics, the term ‘market’ does not refer to a particular place as such, but it refers to shops for one commodity or a set of commodities.

Detailed explanation-2: -A market is a place where buyers and sellers can meet to facilitate the exchange or transaction of goods and services.

Detailed explanation-3: -The factor market definition in economics is where the means of production, or resources to make goods and services, are bought and sold. Factor market can also be called a resource market.

Detailed explanation-4: -Bartering is the exchange of goods and services between two or more parties without the use of money. It is the oldest form of commerce. Individuals and companies barter goods and services between each other based on equivalent estimates of prices and goods.

Detailed explanation-5: -Economic market structures can be grouped into four categories: perfect competition, monopolistic competition, oligopoly, and monopoly.