Question

Goods and Services bought and sold in​

Answer 1

market is any place where goods and services are bought and sold. Factor market is a market in which land, labor, capital.

Answer 2

Goods and services are bought and sold in a market.

• In Economics a market means a place where buyers and sellers interact with each other to buy or sell a good or service.
• Buyers and sellers meet in the market and discuss the best profitable price for both of them in which they can end the transaction which will give them the maximum possible utility from the good or service.