In economics, a market does not primarily refer to a specific place, but rather to the process of buyers and sellers exchanging goods and services

Question

Quizplus · Accepted Answer

This statement is true. In economics, a market refers to the process of buyers and sellers exchanging goods and services, which can take place in physical locations such as stores or online platforms, or can be conducted through other means such as phone or email communication.

In Economics, a Market Does Not Primarily Refer to a Specific