GK
BUSINESS ECONOMICS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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True or FalseA market is a place where goods and services are exchanged.
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True
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False
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Either A or B
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None of the above
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Explanation:
Detailed explanation-1: -A market is a place where buyers and sellers can meet to facilitate the exchange or transaction of goods and services. Markets can be physical like a retail outlet, or virtual like an e-retailer. Other examples include illegal markets, auction markets, and financial markets.
Detailed explanation-2: -The exchange of goods in return for other goods or services is called Barter System.
There is 1 question to complete.