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Any place where consumers and producers buy and sell goods and services

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Related Questions

In economics what does the term market and refer to?

The system of exchanging goods. A+


What does the term demand refer to in economics?

The term demand in economics refers to the total amount of demand at all possible prices. Demand's definition is how much the consumers want a product.


What are the influences of economics to the lives of other people?

The global marketplace, or stock market.


In economics what does the term market refer to?

The system of exchanging goods. A+


What does the term "durable goods" refer to in the context of economics and consumer spending?

"Durable goods" in economics and consumer spending refer to products that are intended to last for an extended period of time, typically more than three years. These goods include items like cars, appliances, furniture, and electronics that are not consumed quickly and provide long-term utility to consumers.


What is the collective noun for at the marketplace?

The term 'at the marketplace' is a prepositional phrase(the noun 'marketplace' is the object of the preposition 'at'). Prepositional phrases do not have collective nouns.


What is the plural for economics?

Economics is a collective term. It is used in the singular.


The term micro economics and macro economics were coined by?

Ragner Frisch.


What is an isquant in economics?

Is the term used in economics which means Indifferent curves.


To what does the term coed refer?

to what does the term coed refer


Who coined the term micro economics and macro economics?

not sure but i guess" J.M Keynes".


Provide a diffinition of the term economic?

provide a definition of the term economics