Question

Fill in the blanks.
1. A market exists where there is ......................... between buyers and sellers.
2. Buying and selling takes place in a .........................
3. The process of ......................... and ......................... takes place simultaneously
in market place.
4. A market has existence of buyers and sellers, communication between them and
........................

Answer 1

Answer:

2.market

sorry l don't know other

Answer 2

Explanation:

1. A 'market exists' where there is an interaction between 'buyers and sellers.'

2. 'Buying and selling' takes place in a 'Market Place'.

3. The process of 'buying and selling' takes place simultaneously in a 'market place.'

4. A 'market' has the 'existence of buyers and sellers', communication between them and 'commodity.'

Anywhere people 'buy and sell' 'goods and 'services' are called market. Consumers 'make choices' about 'what to buy' in a market.