Business Studies, asked by hajera5172, 11 months ago

A place where buyers and sellers come together for buying and selling. Answer in a word / phrase / term.

Answers

Answered by Anonymous
3
hey I think the pace where buyers and sellers come together for buying and selling is
market.
hope it helps you
PLS mark me as brainlist
Answered by psjain
0

Answer: Market

Explanation: A market is a place which help in exchanging goods and services between the buyers and the sellers  These synergy help in gauging the  demand and supply situation in the economies.

It is a place where any  type of trade is executed.Markets is a physical meeting point of buyers and sellers for a trade to be executed. In certain markets there is a stiff competition because of presence of high number of sellers selling the same product or services whereas other markets have  no or low competition. This is because certain industries are protected by Government legislation.

The price of the goods or services depends upon the number of buyers and sellers present in the market.This is known as the law of supply.More sellers than buyers lead to a pressure on the prices on the contrary  more buyers than sellers, will lead to a rise in prices.

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