macro - Kevin Plaza Macroeconomics Assignment #1 Market, is...

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Kevin Plaza Macroeconomics Assignment #1 Market, is a very hard word to define. Because every market is different in economics. Market is usually the process of buyers and sellers exchanging goods and services. Anything call really be a market, a place like the local supermarket, the New York Stock Exchange, local gas station and drug stores, even things like Internet stores. It is also hard to define a market because goods are being priced in various different ways, as well as the places that they are traded in, along with various kinds of buyers and sellers that are doing the trading. You are not going to find the same markets in different geographical areas. There is going to be a different market for swimsuits, lets say if your living in the Bahamas to if your living in Alaska. The person will need the swimsuit more then the person in Alaska, as well as the person in Alaska will need a winter coat more then the person in the Bahamas, therefore there will be more of a market for these things in those areas. The important thing to realize about a market is, not what the market looks like but what the market does, which is to initiate trade
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This note was uploaded on 04/10/2008 for the course MACRO 101 taught by Professor Chowdhury during the Spring '08 term at SUNY Farmingdale.

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macro - Kevin Plaza Macroeconomics Assignment #1 Market, is...

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