False.
A market consists of a group of potential customers and sellers who are willing to exchange values for several goods or services.
A market is a system where forces of demands and supply operate, where buyers and sellers interact either directly or through intermediaries to trade goods and services.
The statement above is false because a market cannot consist of only potential buyers with similar needs without the sellers of the desired goods or services.
A market consists of a group of potential customers with similar needs who are willing to exchange something of value with sellers offering various goods or services--that is, ways of satisfying those needs.
Answer Anonymously
Copy Link
