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Q.

A market is a place where :


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a

Producers

b

Consumers

c

Buyers and sellers interact with each other

d

None of above 

answer is C.

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Detailed Solution

A market is a place where buyers and sellers interact with each other.
It is a place where commodities are bought and sold. Producers and consumers are connected through the market, where the former produces the goods and services and sells them, and the latter avails themselves of the facility of services and buys goods of their own choice. Producers make not only goods but also services in the market. Producers sell heterogeneous products in the market. As thousands of brands are in the market, buyers have a wider choice of selecting the better product.
 
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