Respuesta :
Economists involved in discussions of healthcare, climate change, immigration.....address them because policies to address these issues involve trade offs for society and influence the efficiency of markets.
Give a brief account on markets.
A market can be regarded as a collection of systems, institutions, processes, social relationships, or infrastructures in economics that allow parties to exchange goods and services.Even while parties can exchange goods and services for cash, the bulk of markets rely on vendors offering their goods or services—including labor—to clients in exchange for money. In this sense, a market is the system that determines how much goods and services will cost. Markets support trade and allow for the distribution and allocation of resources within a community. Any tradable good can be evaluated and priced thanks to markets. In order to facilitate the exchange of rights for goods and services, a market either develops more or less organically or may be purposefully created by human interaction.
Markets typically replace gift economies, and they are frequently maintained by laws and traditions like booth fees, competitive pricing, and a source of the commodities being sold (local produce or stock registration).
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