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Question

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

A
market
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B
big bazaar
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C
shopping mall
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D
hat
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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.

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