GK
BUSINESS ECONOMICS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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A ____ is anywhere buyers and sellers meet to buy and sell goods and services.
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Store
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Workplace
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Restaurant
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Market
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Explanation:
Detailed explanation-1: -Commerce is defined as the exchange of goods and services between two or more entities. It typically involves buying and selling things of value. Commerce can take place between businesses, between consumers, or between businesses and consumers.
Detailed explanation-2: -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-3: -Local Markets: In such a market the buyers and sellers are limited to the local region or area.
There is 1 question to complete.