In economic terms, a "market" is
A) available in capitalist nations, but not in communist nations.
B) located where buyers can most easily access it.
C) the physical location (for example, a grocery store) where exchanges take place between buyers and sellers.
D) an exchange process between sellers and buyers.
E) all of the above.

Question

Quizplus · Accepted Answer

A market refers to the exchange process between buyers and sellers, which can occur both in physical locations (such as a grocery store) or through online marketplaces. Markets can exist in both capitalist and communist nations, and the location of a market may not necessarily be where buyers can most easily access it, as factors such as transportation and technology can allow buyers and sellers to interact from different locations.

In Economic Terms, a "Market" Is