answersLogoWhite

0

In the open market people are free to purchase what they want. The free market allows people to negotiate and pay for the goods as they see fit.

User Avatar

Wiki User

11y ago

What else can I help you with?

Continue Learning about Economics

Explain how the flow of transactions and the flow of the physical product relate to foreign market entry mode?

The flow of transactions and the flow of the physical product are interconnected in determining the most suitable foreign market entry mode. For instance, in modes like exporting, the transaction flow occurs primarily from the home country to the foreign market, while the physical product follows the same route. Conversely, in modes such as joint ventures or local production, both the transaction and product flows can become more complex, often involving local sourcing and distribution. The choice of entry mode thus hinges on balancing transaction efficiency and logistical feasibility in the target market.


Define a market transaction?

Buying - Selling Buying - Selling


How can one determine the value of consumer surplus in a market?

To determine the value of consumer surplus in a market, you can calculate it by finding the difference between what consumers are willing to pay for a product or service and what they actually pay. This can be done by analyzing demand curves and market prices to estimate the total benefit consumers receive from a transaction.


What is an economic transaction?

An economic transaction is an exchange between parties involving goods, services, or financial assets. It typically includes a buyer and a seller, where the buyer provides payment in exchange for the item or service. These transactions can occur in various forms, such as cash purchases, credit exchanges, or bartering. They are fundamental to economic activity as they facilitate the flow of resources and contribute to market dynamics.


Explain market imperfections approach and transaction cost approach to Foreign Direct Investment?

market imperfections approach

Related Questions

What is a public market transaction?

A public market transaction is a transaction that is made in an organized market.


Difference between primary market transaction and a secondary market transaction?

An example of a primary market transaction would be the act of someone buying a brand new car. A secondary market transaction would be someone buying a used car.


What is non-market activities?

non market activities are the production for self- consumption and processing of primary product and own account production of fixed assets :)


What is spot transactions?

A spot transaction is the sale of a product at a fixed price. Or, in the wholesale Foreign Exchange market, settlement occurs two business days after the transaction has been concluded. This is the technical meaning of the word 'spot'


Is Buying shares listed on the Australian stock exchange is a primary market transaction?

yes it is a primary market transaction


What is the Difference between primary and secondary market in transaction as related to flow of fund in transaction?

What is transaction what it contains


What is mtm break in finance?

mtm is a market to market transaction.


In what market is a stock transaction that is made immediately at the market price?

the spot market


What is dual product market?

"Dual product markets is an economic concept referring to the two layers of sale that occur in media industries: a media company offers a media product to an audience, although the economic transaction comes from selling the audience to an advertiser."


What is a dual product market?

"Dual product markets is an economic concept referring to the two layers of sale that occur in media industries: a media company offers a media product to an audience, although the economic transaction comes from selling the audience to an advertiser."


What is an example of a product market?

A product market refers to the businesses and customers that are affected by a product. A product market can be regional or national.


Is an initial public offering an example of a primary or secondary market transaction?

I believe, it is a primary market transaction. A secondary market transaction requires an intermediary between the initial seller and the buyer. Which is not the case in a initial public offering. ( It s always better to verify with an economic teacher)