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Q.

The term ____ in the wider sense means an area in which buyers and sellers of particular goods are in contact with one another.


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Detailed Solution

The term 'market' in the wider sense means a place or area where sellers and buyers of particular goods are in contact with one another.
A market is a centre that provides a place where a group of consumers, individuals, businessmen, or government buys the product of their choices and needs. For example, if one needs rice, they won't be got to the market. Instead, they would visit the rice market. They would select rice as per their choices and capacity and pay the price.
 
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