Question

what is the nature of the market within the economy

Answer 1

Answer:

The nature of economics

Economics is regarded as a social science because it uses scientific methods to build theories that can help explain the behaviour of individuals, groups and organisations. Economics attempts to explain economic behaviour, which arises when scarce resources are exchanged.

Answer 2

Answer:

A market is a social structure that brings together a buyer and a seller to agree a price to exchange goods or services. In a market a firm and its products are priced and evaluated by the consumers or the buyers.The nature of market is such that the market always tries to bring itself to equilibrium.

Explanation:

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