Question

Are markets important in today’s world? Give reasons to support your answer

Answer 1

As everyone knows, free markets are important because they voluntarily bring together willing buyers and sellers. Supply and demand are the sine qua non of economics. In fact, so important is their function that, in classical economic theory, a free market occurs only when no single buyer or seller can determine price.

The Importance of Marketing for Businesses. Marketing is of vital importance to any business. It is the key process of researching, promoting and selling products or services to your target market. The bottom line of any business is profit.

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Answer 2

The Importance of Marketing in Today'sDigital World. In today's digital work,marketing is the heart of a business. ...Marketing is not only important for your business – it is your business. With an effective marketing strategy in place, you can win new customers and gain an edge over your competitors.