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What economists mean by a market

What economists mean by a market

In economics, a market is any place or system where buyers and sellers interact to trade goods or services. That can be a high street shop, an auction, or an online platform.

2.1 The role of markets Lesson

  1. GCSE
  2. /Economics
  3. /2.1 The role of markets

Step-by-step lessons on OCR GCSE Economics 2.1 The role of markets, covering 2.1.1 What is a market, 2.1.2 Primary, secondary and tertiary sectors, 2.1.3 Factor and product markets, and 2.1.4 Specialisation and exchange. Each one builds up to exam-style questions. Build a solid grasp of supply and demand and cost/revenue calculations before tackling the evaluation-heavy policy topics.

Lessons