The main functions of markets include
A)promoting the social interest,but not the self-interest.
B)selling goods,but not factors of production.
C)enabling buyers and sellers to get information about each other.
D)establishing a physical location for business transactions.
E)promoting the self-interest,but not the social interest.

Question

Quizplus · Accepted Answer

One of the main functions of markets is to enable buyers and sellers to obtain information about each other so they can make informed decisions about what to buy and at what price. Markets allow for the exchange of goods and services, as well as factors of production, and can promote both self-interest and the social interest, depending on how they are regulated and incentivized. However, choice A and E are inaccurate as they present an incomplete or incorrect understanding of the role of markets. Choice D is also inaccurate as markets can operate online or through other non-physical means.

The Main Functions of Markets Include