What Is a Market？In the simplest terms, a market is the place where seller meets buyer to

What Is a Market？

In the simplest terms, a market is the place where seller meets buyer to exchange products for money. Traditional markets still (19) in many parts of the world. Even in the United States, during summer months, there are farmers' markets where direct selling and buying take (20) between producers and consumers. Most service industries still (21) at this market level.

Manufacturing industries and most agricultural enterprises are more (22) from the consumers. Their products (23) several hand-truckers, warehouse workers, wholesalers, and retailers before reaching the final consumers.

Products or commodities are usually divided into two types: consumer and industrial. Consumer goods are those (24) are sold to final users, the customers. These goods include food, clothing, automobiles, television sets, appliances, and all those things people go to stores to purchase.

(25) goods are those that are sold to companies or other businesses for use in manufacturing or other purposes. Automobile makers buy many of the parts used to (26) cars. A tyre manufacturer buys rubber, synthetic or otherwise, (27) which to make tyres. (28) these materials will end up in the hands of final users: the owners of the cars. The (29) of industrial goods depends on the nature of the goods to be made for final users. The price of industrial goods and raw materials will (30) the price of final goods, those that the consumer buys.

Markets are for exchanging things, (31) their function is to allocate and reallocate goods and services among the members of the society including producers as well as consumers. Since the exchange is (32) , it is assumed that both sides (33) what they want by exchange or it would not take place.

(19)

A．operate

B．perform

C．serve

D．function