What does the market process refer to?

Name: What does the market process refer to?
Brand: Quizplus
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Question

Quizplus · Accepted Answer

The market process refers to the overall process of trading, buying, and selling goods, services, and resources between buyers and sellers. It involves the interactions between consumers and producers in the marketplace, including exchange of money or goods, negotiations over prices, and the development of market prices based on supply and demand dynamics.

What Does the Market Process Refer To