A place where buyers and sellers meet to exchange their goods and services is called a.

Market

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Park

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Solution

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.

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Similar questions

Q.
The place where sellers and buyers meet to sell and buy the goods is generally called __________.

Q. ________ is a specific place where buyers and sellers meet to buy and sell goods.

Q. In economics the place or context in which buyers and sellers buy and sell goods and services is known as _______.

Which of the following refers to a mechanism or an arrangement that facilitates contact between the buyers and sellers for the sale and purchase of goods and services?

Q. ____________ are places where a lot of sellers and buyers come together.

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A place where buyers and sellers meet to exchange their goods and services is called a.

The correct option is A MarketMarket 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.

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.