what is the importance of market

Dear Student

a. Market has an important role to play as it connects buyers and sellers.
b. A market offers wide variety of products for consumers to choose from.
c. It caters to everyday needs of the people.
d. A market is also a source of employment for people.
e. A market enhances the choices of consumers.
f. It offers all latest goods and products to the people.
g. A market is an integral part of economy and ensures buying and selling of goods.


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Hi ,

The answer is as under :
he importance of market lies in the fact that it helps to bring various economic actors together .The buying and selling of goods and services helps in the coordination of resources.In the allocation of resources the market plays a greater role.

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