Distinguish between a market and a marketplace

What will be an ideal response?


Markets are economic institutions that regulate exchange behavior through the establishment of different values for particular goods and services. A market governs exchange of goods and services through a society. Market transactions are governed by agreements or contracts in which a seller agrees to supply a particular item and a buyer agrees to pay for it. A marketplace is an actual location where buyers and sellers make exchanges.

Sociology

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Which product creates acid rain?

A) coal B) natural gas C) nuclear energy D) oil

Sociology

In 1976, over 300,000 people rioted in the streets of Johannesburg to protest apartheid

Indicate whether this statement is true or false.

Sociology

Explain the impact of social location on deviance.

What will be an ideal response?

Sociology

The pluralistic themes of Black Power were a reaction to the failure of assimilation and integration of the 1950s and 1960s.

Answer the following statement true (T) or false (F)

Sociology