Entrep - Market Needs

A market is any place where two or more parties can meet to engage in an economic transaction.

• True

• False

Market includes retail stores and other similar businesses that sell individual items to wholesale markets selling goods to other distributors but may not be virtual.

• True

• False

Market refers to the whole area of operation of demand and supply.

• True

• False

A market signifies any arrangement in which the sale and purchase of goods take place.

• True

• False

The market establishes the prices for goods and other services.

• True

• False