Markets in which social relationships among buyers and sellers change the way the market operates are known as ____ markets.

Question

Quizplus · Accepted Answer

Embedded markets are characterized by social relationships that affect the behavior of buyers and sellers. These relationships may include trust, reputation, and shared values, among other things. In such markets, transactions are not solely determined by prices and economic factors, but also by interpersonal relationships and social norms. therefore, embedded is the best choice.

Markets in Which Social Relationships Among Buyers and Sellers Change