Get premium membership and access questions with answers, video lessons as well as revision papers.

Define the market

      

Define the market

  

Answers


Martin
A market is where farmers and traders usually sell and buy (trade) products for the best possible price. It is characterized by many sellers and buyers interacting in trade. A market can be a physical place (marketplace) such as a rural county or city market or a commodity exchange trading floor. A market can also be virtual, such as on internet. It can be domestic as Kenyan market, regional as the East African Community, or international as the European Union. And a market can also represent the total supply and demand for a particular product, such as a maize market or a livestock market.
marto answered the question on March 14, 2019 at 05:55


Next: Give reasons why farmers/agribusinesses produce agricultural products?
Previous: Explain demand, supply and price of a product

View More Principles of Agricultural Marketing Questions and Answers | Return to Questions Index


Learn High School English on YouTube

Related Questions