Economic transactions are exchanges between individuals or entities involving goods, services, or money. These transactions can occur in various forms, such as buying, selling, or trading. They are fundamental to the functioning of an economy, as they facilitate the flow of resources and help determine the value of products and services in the market. In an economic transaction, both parties typically agree on a price, which reflects the value of the item or service being exchanged. This process can involve different types of markets, including retail, wholesale, and online marketplaces. Understanding these transactions is essential for analyzing economic activity and trends.