The term market refers to:
A) a physical location where buyers and sellers meet to exchange goods for money.
B) the buyers and sellers who trade a particular good or service, not to a physical location.
C) a location where buyers go to fulfill their wants and needs.
D) a hypothetical place of exchange.

Question

Quizplus · Accepted Answer

The term market refers to the buyers and sellers who trade a particular good or service, not necessarily a physical location. While in the past markets may have referred to physical locations such as town squares or bazaars, in modern times markets often exist as virtual platforms or networks where buyers and sellers can connect and exchange goods and services.

The Term Market Refers To