Goods and services gain more value if they can exchange for something else {market}|. Therefore, economy establishes places or situations in which to exchange goods and services. Main markets are for money, labor, producers, and retail sales. Price is same throughout one market. Low transportation costs and standardized goods and services allow bigger markets. Government services and goods, paid for by taxation, can have no market.
Social Sciences>Economics>Microeconomics>Market
6-Economics-Microeconomics-Market
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Date Modified: 2022.0224