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Card 1 of 24

A market exists where [     ] interact to [     ].

A

A market exists where workers and employers interact to eliminate the scarcity of resources.

B

A market exists where producers and governments interact to set the price of every product.

C

A market exists where consumers and regulators interact to maximise the output of firms.

D

A market exists where buyers and sellers interact to exchange a good or service.

Card 1 of 24

The interaction of markets Flashcards

  1. A Level
  2. /Economics
  3. /The interaction of markets

24 flashcards on OCR A Level Economics The interaction of markets: the key terms, economic models and case studies you need to recall for Component 01, Component 02 and Component 03.

Flashcards