How do people and markets interact?

Answer

People interact with markets by participating as either buyers or sellers, and this interaction is influenced by factors such as supply and demand, competition, government policies, and consumer preferences.

Q: What are markets? A: Markets are where buyers and sellers come together to exchange goods and services.
Q: How do people participate in markets? A: People participate in markets by acting as either buyers or sellers.
Q: What factors influence the interaction between people and markets? A: Factors that influence the interaction between people and markets include supply and demand, competition, government policies, and consumer preferences.