GK
BUSINESS ECONOMICS
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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economics
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product
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market
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service
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Detailed explanation-1: -Key Takeaways. A market is a place where buyers and sellers can meet to facilitate the exchange or transaction of goods and services.
Detailed explanation-2: -Ideally a market is a place where two or more parties are involved in buying and selling. The two parties involved in a transaction are called seller and buyer. The seller sells goods and services to the buyer in exchange of money. There has to be more than one buyer and seller for the market to be competitive.
Detailed explanation-3: -What Is Finance? Finance is a term for matters regarding the management, creation, and study of money and investments. It involves the use of credit and debt, securities, and investment to finance current projects using future income flows.
Detailed explanation-4: -However, business is the term for all the activities involved in developing and exchanging products. A product is anything that can be bought or sold.
Detailed explanation-5: -finance is one of the four functions of business. it includes all business activities that involve money. production is another function it is any activity related to making a product.