A market is a place where goods and services are bought and sold. It can be a physical location, like a shop or a market square, or it can be an online platform. In the market, buyers and sellers exchange money for products or services. Markets help connect producers and consumers, allowing people to get what they need. They play a crucial role in the economy by facilitating trade and ensuring that goods are available to meet people’s needs. The market is an important part of economic activities and helps in the flow of resources.
This question related to Chapter 13 Social Science Class 6th NCERT.
From the Chapter 13. The Value of Work.
Give answer according to your understanding.
A market is a place where goods and services are exchanged, typically for money.
Explanation: It can be physical or virtual, facilitating economic transactions like buying and selling.
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