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State with reasons whether you agree or disagree with the following statements:Market in Economic is a place where goods are bought and sold. |
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Answer» No, I do not agree with this statement. 1. In common language, the term market is generally understood as a place buyers and sellers meet to buy and sell the commodities. 2. For market to exist, there should be arrangement through which buyers and sellers come in close contact with each other directly or indirectly for exchange of goods and services. 3. This exchange may be by way of telephone, tele-marketing, internet all over the world. |
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