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In economics, the term "market" refers to a system or platform where buyers and sellers interact to exchange goods, services, or resources. It encompasses various forms, including physical locations like farmers' markets and virtual spaces like online marketplaces. Markets operate under supply and demand dynamics, which help determine prices and allocate resources efficiently. Additionally, markets can be categorized into different types, such as perfect competition, monopoly, and oligopoly, based on the number of participants and the nature of competition.
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What does the term environmental economics mean?
Environmental economics is a subfield of economics that deals with environmental issues. One main focus of environmental economics is market failure. Market failure is when the markets fail to efficiently allocate resources.
In economics what does the term market and refer to?
The system of exchanging goods. A+
What is the term in economics by which a group of buyers and sellers of a product come together to trade?
market
What is micro influence?
Micro influence in economics, micro economics actually, is a term which stands for influence or affect on the market sector which causes problems/benefits.
What do economists mean by the term market?
for a common man, the term market means a place where buying and selling of goods take place.. but in economics, the term market refers to place where both the buyers buy and sellers sell products at a agreed price..both need not meet each other,,the buying and selling may even take place over phone,internet etc...
What does the term environmental economics mean?
Environmental economics is a subfield of economics that deals with environmental issues. One main focus of environmental economics is market failure. Market failure is when the markets fail to efficiently allocate resources.
In economics what does the term market and refer to?
The system of exchanging goods. A+
What is the term in economics by which a group of buyers and sellers of a product come together to trade?
market
What is micro influence?
Micro influence in economics, micro economics actually, is a term which stands for influence or affect on the market sector which causes problems/benefits.
What do economists mean by the term market?
for a common man, the term market means a place where buying and selling of goods take place.. but in economics, the term market refers to place where both the buyers buy and sellers sell products at a agreed price..both need not meet each other,,the buying and selling may even take place over phone,internet etc...
Market structure in Economics?
the size and the form of a market that is able to effect the demand and supply is known as market structure in economics.
What is a supporter of free-market economics called?
A supporter of free-market economics is called a capitalist.
In economics what does market mean?
Is one of many varieties of systems between consumer and producer
What does economics mathematics mean?
It is simply calculations, such as if there will be a stock market crash, or a high rise in stock prices.
What does timer mean in economics?
Taste and advertising income market size and population expectations related goods
In economics what does the term market refer to?
The system of exchanging goods. A+
What do you mean by capital market?
capital market is a market where long term loans are availble that place called capital market
