From an economic context, select the correct definition of a market.

A. an institution where stocks or bonds are purchased an institution that brings together buyers and sellers of goods or services

B. the process of using advertising to convince potential buyers to purchase a product

C. a place where groceries and other household items are bought and sold

Select all examples of a market.

A. the free‑agent signing period in the NFL where players hoping to sign with a team interact with teams looking for additional players

B. Trader Joe's: a grocery store frequented by "foodie" types

C. a local farmer's market

D. the New York Stock Exchange

Question

Business

Malachi Velazquez

12 May, 20:15

From an economic context, select the correct definition of a market.

A. an institution where stocks or bonds are purchased an institution that brings together buyers and sellers of goods or services

B. the process of using advertising to convince potential buyers to purchase a product

C. a place where groceries and other household items are bought and sold

Select all examples of a market.

A. the free‑agent signing period in the NFL where players hoping to sign with a team interact with teams looking for additional players

B. Trader Joe's: a grocery store frequented by "foodie" types

C. a local farmer's market

D. the New York Stock Exchange

+4

Answers (1)

Know the Answer?

Dashawn Morton · Answer 1

an institution that brings together buyers and sellers of goods or services

Explanation:

The economic definition of a market is; it is an institution that brings together buyers and sellers of goods or services. They therefore interact with each other and exchange these goods and services for money. For the given examples of a market, you will make a choice based on the above definition and all of them are correct. NFL players hoping to sign with a team are suppliers of expertise and teams looking for additional players are buyers. Trader Joe's grocery store is a seller of goods and the "foodie" people are the buyers, same to local farmer's market. The New York Stock Exchange is a securities market too.