This document contains information about a student named Abdul Riyon Laduwo with student ID C301 17 237 who is taking an English course. It also provides a 3 sentence summary of the key points about markets:
Markets are systems that allow buyers and sellers to exchange goods, services, and labor for money. Competition is important in markets as it requires at least 3 people, with competition on at least one side, for an actual market to exist. Markets can vary in many ways including size, location, goods traded, and whether they are legal or illegal.
This document contains information about a student named Abdul Riyon Laduwo with student ID C301 17 237 who is taking an English course. It also provides a 3 sentence summary of the key points about markets:
Markets are systems that allow buyers and sellers to exchange goods, services, and labor for money. Competition is important in markets as it requires at least 3 people, with competition on at least one side, for an actual market to exist. Markets can vary in many ways including size, location, goods traded, and whether they are legal or illegal.
This document contains information about a student named Abdul Riyon Laduwo with student ID C301 17 237 who is taking an English course. It also provides a 3 sentence summary of the key points about markets:
Markets are systems that allow buyers and sellers to exchange goods, services, and labor for money. Competition is important in markets as it requires at least 3 people, with competition on at least one side, for an actual market to exist. Markets can vary in many ways including size, location, goods traded, and whether they are legal or illegal.
Market is one of a variety of systems , institutions, procedures , social relations and
infrastructures in which businesses sell goods , services and labor for the people in exchange , services and labor for the people in exchange for money . Goods and services sold to use as legal tender fiat money . This activity is part of the economy . it is an arrangement that allows buyers and sellers to exchange items . Competition is very important in the market , and separate from the trading market . Two people may do the trade , but it takes at least three people to have a market , so there is competition on at least one of the two sides.Markets vary in side , range , geographic scale , location , type and variety of the human community , as well as the type of goods and services traded. Some examples include local farmers market held in the town square or parking lots , shopping centers and shopping mals, international currency and community markets, the law creating such a market for pollution permits and ilegal markets like the market for illicit drugs.