A mechanism by which buyers and sellers of goods and services negotiate an exchange is a

Question

Quizplus · Accepted Answer

A goods and services market is a platform where buyers and sellers of goods and services come together to negotiate an exchange. It is a common mechanism in a market economy where supply and demand determine prices and quantities exchanged. Goods and services convention and union are not commonly used terms in economics, and factor market is a different type of market where factors of production like labor and capital are bought and sold.

A Mechanism by Which Buyers and Sellers of Goods and Services