The Main Functions of Markets Include

question 105

Multiple Choice

The main functions of markets include

• A)establishing a physical location for business transactions.
• B)promoting the social interest, but not the self- interest.
• C)enabling buyers and sellers to get information about each other.
• D)selling goods, but not factors of production.
• E)promoting the self- interest, but not the social interest.

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Definitions:

Benefit Packages

A collection of non-wage compensations provided to employees on top of their normal salaries, which may include health insurance, retirement plans, vacation, and other perks.

Manufacturer

An individual, business, or entity that produces finished goods from raw materials through the use of tools, human labor, and machinery.

Leather Handbags

High-quality bags made from the skin of animals, specifically designed for carrying personal items, known for their durability, aesthetic appeal, and often considered a fashion statement.

Historical Period

A distinct phase in history characterized by particular events, developments, or cultural norms.