This document discusses markets and economic organization. Markets are places where buyers and sellers trade or exchange goods and services, and can be physical like stores or virtual like online retailers. Economic organization refers to how production and distribution of goods are structured, such as under capitalism or socialism.

3. GUESSTHEWORD

4. GUESSTHEWORD

5. MARKETS AND ECONOMIC
ORGANIZATION

6. Markets
A bigger setting where buyers or sellers simultaneously trade or
exchange goods or services
Markets can be physical like a retail outlet, or virtual like an e retailer.
Other examples include illegal markets, auction markets, and
financial markets

7. Economic Organization
The way in which the means of
production and distribution goods are
organized, such as capitalism and
socialism.