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प्रश्न
What is meant by 'market' in economics?
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उत्तर
'Market' means a group of shops where buyers and sellers can engage in transactions of goods and services. It refers to a market place. But in economics, the term market is used in a somewhat wider sense. It refers to the market for a commodity containing the buyers and sellers of this commodity. The buyers and sellers of the commodity are in competition with one another.
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