Market exchange is characterized by:

Question

Quizplus · Accepted Answer

Market exchange is typically characterized by the use of an exchange medium such as money (in the form of US dollars, for example) to facilitate the exchange of goods and services between buyers and sellers. While barter (A) and exchanges of goods/services for other goods/services (C) can occur in some markets, they are not necessarily defining characteristics. Option D, the exchange of goods/resources/services to create social relationships, is not typically a defining characteristic of market exchange as it is more closely associated with gift-giving and reciprocity in gift economies.

Market Exchange Is Characterized By