Asked by
Beatriz Leite
on Oct 25, 2024
Verified
Which of the following statements about markets and industries is TRUE?
A) A market includes buyers but not sellers.
B) A market includes sellers but not buyers.
C) An industry includes buyers but not sellers.
D) An industry includes sellers but not buyers.
Industry
The collection of businesses and organizations involved in producing similar goods or services.
Market
A place or arrangement through which buyers and sellers engage in exchange of goods and services.
- Understand the concepts of markets, including the roles of buyers and sellers.
Verified Answer
NS
Learning Objectives
- Understand the concepts of markets, including the roles of buyers and sellers.