Question

The term "market" in Economics means ________.

• A. a place where goods and services are bought and sold.
• B. presence of competition
• C. place where goods are stored
• D. shops and super bazars

Answer 1

The correct option is A a place where goods and services are bought and sold.

In economics a market can be a place where goods and services are sold and bought. This doesn't require to be a physical market for eg the share market.