Economics WAEC

In Economics market is define as?

A. A place where buyers and sellers come together to exchange goods
B. Any agreement made for consumers to buy all they need
C. any arrangement made for producers to sell all their goods
D. any arrangement whereby buyers and sellers are in close touch with one another
E. a place where only consumer goods are sold

Correct Answer:

Option D – any arrangement whereby buyers and sellers are in close touch with one another

Sunday

Share
Published by
Sunday
Tags: economics

Recent Posts

FST 111 Theory Question: Food Security Determinants and Preservation Methods

100 Level Department of Food Technology exam questions and detailed answers. Download the answers in document…

2 days ago

FST 111 Theory Question: Population Growth, Agriculture, and Food Security Analysis

100 Level Department of Food Technology exam questions and detailed answers. Download the answers in document…

2 days ago

EED 413 Theory Question: Population Growth, Agriculture and Food Security Analysis

100 Level Department of Food Technology exam questions and detailed answers. Download the answers in document…

2 days ago

FST 111 Theory Question: Agricultural Concepts and Animal Management Guide

100 Level Department of Food Technology exam questions and detailed answers. Download the answers in document…

2 days ago

EED 413 Theory Question: Comprehensive Guide to Business Plan Scope and Succession Planning

400 Level Department of Entrepreneurship Development Centre exam questions and detailed answers. Download the answers in…

2 days ago

EED 413 Theory Question: Business Plan Scope and Succession Planning Guide

400 Level Department of Entrepreneurship Development Centre exam questions and detailed answers. Download the answers in…

2 days ago