Q.

What is a market


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a

Place of depositing money

b

Place of selling and buying

c

Place of hiring labour

d

None of the above 

answer is B.

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Detailed Solution

Market is a place of selling and buying.
The total number of buyers and sellers in a particular area or region is referred to as a market. The part may be a country, a region, a state, a city, or the entire world. The value, cost, and cost of traded products are determined by market supply and demand factors. The market could be virtual or actual. Both domestic and foreign cultures may be flawless or defective. Economic and physical markets are the two categories into which markets are divided. Some of the most common categories of economic markets include the stock, currency, and medical and financial markets. Bazaars, street markets, farmers, and public markets are physical markets.
 
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