Asked by
Ja’Tavia Mills
on Oct 25, 2024
Verified
In the definition of a market, economists consider:
A) only actual interactions between buyers and sellers, not potential interactions.
B) both actual and potential interactions between buyers and sellers.
C) neither actual nor potential interactions between buyers and sellers.
D) actions by third parties that do not include buyers or sellers in the market.
Potential Interactions
Possible engagements or relationships between entities or variables in a given context, which could affect outcomes.
Actual Interactions
Real-life exchanges or communications between individuals, groups, or entities.
- Comprehend the principles of markets, encompassing the functions of purchasers and vendors.
Verified Answer
SS
Learning Objectives
- Comprehend the principles of markets, encompassing the functions of purchasers and vendors.