Question

Which of the following best defines a market in economics terms

Answer 1

A market is defined as the sum total of all the buyers and sellers in the area or region under consideration.

Step-by-step explanation:

Answer 2

market is defined as the sum total of all the buyers and sellers in the area or region under consideration. The area may be the earth, or countries, regions, states, or cities. The value, cost and price of items traded are as per forces of supply and demand in a market.