All of the following resulted from the growth of the Atlantic slave trade in Africa expect the exclusion of Africa from the emerging global market.
In order to expedite the exchange or transaction of products and services, buyers and sellers can come together in a market. A market may be actual, like a real store, or it may be virtual, like an online retailer. Financial markets, auction markets, and criminal markets are other examples.
Markets allocate limited resources to the highest bidder. Markets are dynamic, unplanned systems of interaction. To produce any given good, there are millions of distinct people involved, each with a very unique set of interests, talents, knowledge, and objectives.
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