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The role of transaction costs

The role of transaction costs 28dA

Transaction costs are expenses incurred when buying or selling a good or service. Transaction costs represent the labor required to bring a good or service to market, giving rise to entire industries dedicated to facilitating exchanges. In a financial sense, transaction costs include brokers' commissions and spreads, which are the differences between the price the dealer paid for a security and the price the buyer pays.

Transaction costs are expenses incurred when buying or selling a This phrase/word (depending on the context) can be potentially replaced with :beneficialproduct
good
 or service. Transaction costs represent the labor required to bring a This phrase/word (depending on the context) can be potentially replaced with :beneficialproduct
good
 or service to market, giving rise to entire industries dedicated to facilitating exchanges. In a financial sense, transaction costs include brokers' commissions and spreads, which are the differences between the price the dealer paid for a security and the price the buyer pays. 

IELTS essay The role of transaction costs

Essay

American English

1 paragraphs

66 words

This writing has been penalized,
text can't be
less than 250 words in Task 2
and less than 150 words in Task 1

4.0

Overall Band Score

Coherence and Cohesion: 5.5

Structure your answers in logical paragraphs
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One main idea per paragraph
Include an introduction and conclusion
Support main points with an explanation and then an example
Use cohesive linking words accurately and appropriately
Vary your linking phrases using synonyms

Lexical Resource: 6.5

Try to vary your vocabulary using accurate synonyms
Use less common question specific words that accurately convey meaning
Check your work for spelling and word formation mistakes

Grammatical Range: 6.0

Use a variety of complex and simple sentences
Check your writing for errors

Task Achievement: 6.0

Answer all parts of the question
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Present relevant ideas
Fully explain these ideas
Support ideas with relevant, specific examples

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