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The characteristic of capitalism that buyers and sellers will freely and willing exchange in market transaction is called?
The characteristic of capitalism where buyers and sellers freely and willingly exchange in market transactions is referred to as voluntary exchange. This principle is at the core of capitalist economies, allowing individuals to participate in trade based on mutual consent and self-interest.
A decrease in the number of sellers in the market causes what?
If the number of sellers in a market increases the
What are the Fundamental characteristic of the market system?
What are the Fundamental characteristic of the market system?
If in a market there is one buyer and many sellers then what is it called?
A buyer's market is when there are few buyers and many sellers. If the opposite is true, then it's called a seller's market.
Where is the market located?
market is not a place, its a situation. when tere is a buyer with willingness and capablity and sellers willing to sell that is market,but both buyers and sellers has to be more then one
Numbers of sellers in a market?
perferct competition are a large number of buyers and sellers.
When a binding price floor is imposed on a market to benefit sellers?
some sellers benefit and some sellers are harmed.
What is untapped market?
Untapped market is that portion of Market that has been untouched or which is unnoticed by the sellers .
What is lucrative market?
A lucrative market is a market which producing wealth for both buyers and sellers.
How does eBay market their services?
Ebay is a another market place. They market their service as sellers.
What is a market with only a few sellers?
An oligopoly.
Why a buyers market turns into a sellers market?
A buyer's market may turn into a seller's market when business is increased. Real estate has these markets for example when buyers have more luck than sellers and vice versa.
