Which of the following factors relate to the phenomenon of markets?

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Manufacturing and consumption

Manufacturing and circulation

Manufacturing and branding

None of these

answer is B.

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Detailed Solution

Manufacturing and circulation are the factors related to the phenomenon of markets.
Manufacturing is the process of making things with the help of tools, machines, human labour, and chemical or biological processing or formulation. It is what the secondary sector of the economy is all about. The term can describe various human activities, from handicrafts to high-tech. Still, it is most often used to talk about industrial design, the large-scale process of turning raw materials from the primary sector into finished goods. When goods move from one person to another in a market, this is called "circulation." If the flow of goods is quick, they will get to the right person faster.

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