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Market

(TO BE DONE)

  • What makes 'x' a market?
  • Is the Idea of a market a mental concept - or an effective one?

  • Industry: A set of firms producing similar goods or services using similar technologies or processes.

  • Sector: A broad category of economic activity, usually based on the position in the economic process (extraction, transformation, or services).

  • Market: A social and institutional mechanism for exchange between buyers and sellers of a given good or service.

References