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Byju's Answer
Standard VII
Civics
Markets
are places wh...
Question
____________ are places where a lot of sellers and buyers come together.
A
Play grounds
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B
Markets
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C
Theatres
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D
Courts
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Solution
The correct option is
B
Markets
Markets are places where a lot of sellers and buyers come together. It serves as a place for exchange of goods.
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Q.
A place where buyers and sellers meet to exchange their goods and services is called a
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Q.
________ is a specific place where buyers and sellers meet to buy and sell goods.
Q.
A
places a gap between the price buyers pay and the price sellers receive.
Q.
Write a word phrase or a term which can substitute each one of the following statements.
1. A place where buyers and sellers come together for buying and selling.
2. A commodity is anything that can be offered to market to satisfy a want or need.
3. When middlemen acts as a link between producer and seller, a chain formed is called
4. A combination of product, price, place and promotion in order to promote sales and satisfy needs of customers.
5. Business functions which directs flow of goods from producer to consumer.
Q.
A large number of buyers and sellers is a feature of _____________.
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