Question
Explain the dictum of ‘markets everywhere’.
✓
Answer
- Buying and selling of goods may not necessarily takes place in a market.
- People can place orders for a variety of things on the phone or the Internet.
- Markets exist at several places we may not be aware of.
- This is because we buy a large number of goods and services that we don’t use directly.
- For example, when we buy a TV, a number of things like its screen, body, wires, etc. may have come from elsewhere. But you get the final product, the television, in the shop.
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