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GCSE Business · key term
An arrangement through which buyers and sellers exchange goods or services. It can operate locally, nationally or internationally and does not need a physical meeting place.
Used by AQA
Paper 1, Paper 2
Revise: Operating in Competitive MarketsA market exists where buyers and sellers exchange goods or services. It need not be a physical place: customers buying online are participating in a market just as customers visiting a shop are.
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