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

what kind of system is a market

Open in App
Solution

Market is a social network system where buyers, sellers and other actors come together to trade in a given product or service.In this coordinated system there are direct market players as producers, buyers and consumers who drive economic activity in the market,suppliers of supporting goods and services such as finance, equipment and business consulting and many influential areas which has an influence on this system as regulatory agencies, infrastructure providers and business associations.

flag
Suggest Corrections
thumbs-up
0
Join BYJU'S Learning Program
similar_icon
Related Videos
thumbnail
lock
The Budget Constraint
ECONOMICS
Watch in App
Join BYJU'S Learning Program
CrossIcon