Understanding Market Functions

Choose a study mode

Play Quiz
Study Flashcards
Spaced Repetition
Chat to Lesson

Podcast

Play an AI-generated podcast conversation about this lesson
Download our mobile app to listen on the go
Get App

Questions and Answers

What is the primary function of a market?

  • Only buying goods
  • Only selling goods
  • Facilitating the exchange of goods, services, and money (correct)
  • Storing goods for future use

Which of the following is NOT an example of a market?

  • A shopping mall
  • A vegetable stall
  • A library (correct)
  • An e-commerce website An e-commerce website An e-commerce website

Flashcards are hidden until you start studying

More Like This

Economics: Market Definition and Functions
16 questions
Challenges in Market Retailing
10 questions
Market Demand Functions and Shifts
45 questions
Use Quizgecko on...
Browser
Browser