Buyers and Sellers

In general knowledge, buyers and sellers are two key players in a marketplace. Buyers are individuals or businesses looking to purchase goods or services to meet their needs or desires. Sellers, on the other hand, are those who offer products or services to the market, aiming to make a profit. The interaction between buyers and sellers drives economic activity, pricing, and trade. Buyers seek value, quality, and price, while sellers aim to attract buyers through marketing, pricing strategies, and product features. Understanding this relationship is essential for grasping basic economic principles and market dynamics.