5) This is the arrangement where buyers and sellers learn information from one another and voluntarily exchange goods, services and money.

Question

Social Studies

Karissa Woodward

28 May, 11:14

5) This is the arrangement where buyers and sellers learn information from one another and voluntarily exchange goods, services and money.

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Answers (1)

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Lamar Haney · Answer 1

The answer is market.

A market is a place, arena or social relations whereby all parties engage in exchanging of goods and services. It is where selling, retailing, trading, merchandising, promoting, advertising happened. This is a place where people meet and gather regularly for the sale and purchase of commodities.