wiz-icon
MyQuestionIcon
MyQuestionIcon
1
You visited us 1 times! Enjoying our articles? Unlock Full Access!
Question

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

A
market
Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses
B
big bazaar
No worries! We‘ve got your back. Try BYJU‘S free classes today!
C
shopping mall
No worries! We‘ve got your back. Try BYJU‘S free classes today!
D
hat
No worries! We‘ve got your back. Try BYJU‘S free classes today!
Open in App
Solution

The correct option is D market
In economics, market does not refer to any specific geographical place. It refers to a context where the buyers and sellers exchange goods and services. Buyers buy the goods and experience services offered by the sellers in the market.

flag
Suggest Corrections
thumbs-up
1
Join BYJU'S Learning Program
similar_icon
Related Videos
thumbnail
lock
Introduction to Marketing
BUSINESS STUDIES
Watch in App
Join BYJU'S Learning Program
CrossIcon