what is a market? Explain its salient features
Answers
ordinary language, we mean by market a particular place where there is a crowd of shops and where a large number of buyers and sellers assemble to buy and sell goods. For example, if the buyers and sellers of fish assemble at a place for buying and selling fish, we call the place a fish market.
Similarly, there may be a fruits market, a vegetables market, or a rice market. However, in economies, the word “market” has a special and wide meaning.
characteristics of a free market system
5 characteristics. Private property, Freedom of choice, Motivation of self intrest, competition, limited government.
Private Property. People own stuff, not the government.
Freedom of choice. ...
Motivation of self intrest. ...
Competition. ...
Limited Government.
Hope it help u
Mark as brainliest ❤️
Answer:
Market is the place where we buy and sellthe products.... For humans need...