Introduction to Markets 0.0 / 5 ? EconomicsMarket FailureASAQA Created by: LimaCreated on: 18-09-13 12:33 what is a market? any place or process that brings together buyers and sellers to agree a price to exchange goods or services. 1 of 6 types of markets street markets, shopping centres, high street, supermarkets, stock exchange, E-commerce 2 of 6 what is bought and sold in markets? goods, services, commodities 3 of 6 what is a good? things you buy which are natural or manufactured products 4 of 6 what is a service? involves buying the skills of another person e.g bus 5 of 6 what are commodities? raw materials 6 of 6
Comments
No comments have yet been made