Answer to Question #267609 in Economics for Nalyn

Question

Cite two forms of a market and distinguish between them.

Answer 1

Two Major Types of Markets

Consumer Market -- All the individuals or households that want goods and services for personal use and have the resources to buy them.

Business-to-Business (B2B) -- Individuals and organizations that buy goods and services to use in production or to sell, rent, or supply to others.