In order to facilitate the exchange or transaction of goods and services, a market is a location where buyers and sellers can meet.
An organization or mechanism that brings together buyers and sellers is a market. Efficiency and the capacity to produce more goods and services are aided by capital goods and technology.
What is the process by which buyers and sellers freely exchange goods and services?
Bartering is the non-monetary exchange of goods and services between two or more parties. It is the oldest method of trade. Based on comparable price estimates and goods, individuals and businesses trade goods and services.
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