Understanding the Market

What is a market?

• A market is a place for buying and selling goods or services.

• A market is a type of financial investment.

• A market is a place where only services are exchanged.

• A market is a government-controlled pricing system.

What do people buy in a market?

• Electronics

• Gardening tools

• Automobiles

• Food, clothing, household goods, personal care products

What do people sell in a market?

• Only fruits and vegetables

• People sell goods and services.

• Just clothing items

• Only handmade crafts

Can you name a type of market?

• Real estate market

• Labor market

• Commodity market

• Stock market

What is a farmer's market?

• A farmer's market is a festival for celebrating agricultural practices.

• A farmer's market is a grocery store that sells imported goods.

• A farmer's market is a public market for farmers to sell their produce directly to consumers.

• A farmer's market is a place where only livestock is sold.

What do we call the place where we buy food?

• grocery store

• furniture store

• hardware store

• clothing store

What is a shopping mall?

• A shopping mall is a residential building.

• A shopping mall is a small outdoor market.

• A shopping mall is a large indoor complex with various shops and services.

• A shopping mall is a type of restaurant.

What do you need to buy something?

• Credit card

• Gift card

• Money

• Barter goods

What is money used for?

• Money is used for transactions, measuring value, and storing value.

• Money is used for planting trees.

• Money is used for cooking food.

• Money is used for building houses.

What is a customer?

• An individual or entity that purchases goods or services from a business.

• A person who sells products to a business.

• An organization that provides services to customers.

• An individual who only returns purchased items.