[Solved] The term "market" in Economics means -

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Q.	The term "market" in Economics means -
A.	A central place
B.	Presence of competition
C.	Place where goods are stored
D.	Shops and super bazars
Answer» A. A central place
Explanation: The most important defining characteristic of a market in economics is that it allows buyers and sellers to exchange any type of goods, services and information. According to Walter Christaller's 'Central Place Theory,' a central place is a market center for the exchange of goods and services by people attracted from the surrounding area. The central place is so called because it is centrally located to maximize accessibility from the surrounding region.

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