Question

what are the main features of market​

Answer 1

Answer:

Essential characteristics of a market are as follows:

• One commodity: ADVERTISEMENTS: ...
• Area: In economics, market does not refer only to a fixed location. ...
• Buyers and Sellers: ...
• Perfect Competition: ...
• Business relationship between Buyers and Sellers: ...
• Perfect Knowledge of the Market: ...
• One Price: ...
• Sound Monetary System:

Answer 2

Answer:

Market is a place where goods are offered by sellers in exchange for money from buyers. We go to the market to buy everyday essentials, comfort goods and luxury goods. In other words, we purchase staples, apparels, footwear, housekeeping items, home appliances, stationery, artefacts, etc. from the market.