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Homework answers / question archive / When economists describe "a market," they mean A

When economists describe "a market," they mean A

Business

When economists describe "a market," they mean

A. a place where stocks and bonds are traded.

B. a communication network that allows individuals to keep in touch with each other.

C. a hypothetical place where the production of goods and services takes place.

D. a system that allows buyers and sellers to interact with one another.

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Correct Option: D. a system that allows buyers and sellers to interact with one another.

Explanation: Any system that helps in bring down buyers and sellers to a platform where they can trade the desired product is known as the market.