Examlex
What is the market area of a service and why is that important?
Economy
A social institution that determines how a society produces, distributes, and consumes goods and services.
Produces
Creates or manufactures goods or outcomes through a process of effort or operation.
Distributes
refers to the process of giving or delivering something to a number of recipients, spreading items or resources evenly or according to a plan.
Consumes
To utilize something as a resource, often referring to the act of eating or drinking, but can also mean the usage of goods, services, or information.
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