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Tamil Nadu Board of Secondary EducationHSC Commerce Class 11

Define Market. - Economics

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Question

Define Market.

Definition
One Line Answer

Solution

In economics, the term ‘Market’ refers to a system of exchange between the buyers and the sellers of a commodity. An exchange may be direct or indirect.

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Meaning and Definition of Market
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Chapter 5: Market Structure and Pricing - Model Questions - Part B [Page 119]

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Samacheer Kalvi Economics [English] Class 11 TN Board
Chapter 5 Market Structure and Pricing
Model Questions - Part B | Q 21 | Page 119
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