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How can we define the term 'market' in economics?

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प्रश्न

How can we define the term 'market' in economics?

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उत्तर

A market is defined in economics as a whole area where buyers and sellers of a commodity interact with one another to effect purchase and sale of the product.

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अध्याय 5: Meaning and Types of Markets - Exercise [पृष्ठ १३९]

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गोयल ब्रदर्स प्रकाशन Economics [English] Class 10 ICSE
अध्याय 5 Meaning and Types of Markets
Exercise | Q 1. (ii) | पृष्ठ १३९
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