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  2. A market is where buyers and sellers can meet to facilitate the exchange or transaction of goods and services. Markets can be physical, like a retail outlet, or virtual, like an e-retailer. Examples include illegal markets, auction markets, and financial markets. Markets establish the prices of goods and services, determined by supply and demand.
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    What is a business market?A company that purchases goods and services in a business market might also use the items they purchase as materials to produce new products of their own. There are business markets designed around making sales directly to consumers as well, and they focus on reaching a large audience rather than marketing to other businesses.
    What is a business-to-business market?Some companies in the business-to-business sector sell to consumers as well, but the majority of them offer their products and services to other businesses and enterprises. Examples – Office furnishings, business accounting services, and conference and exhibit materials are just a few examples of goods and services offered in this market.
    What is a market in economics?A market is any place where two or more parties can meet to engage in an economic transaction—even those that don't involve legal tender. A market transaction may include goods, services, information, currency, or any combination that passes from one party to another. In short, markets are arenas in which buyers and sellers can gather and interact.
    How does a market work?While parties may exchange goods and services by barter, most markets rely on sellers offering their goods or services (including labour power) to buyers in exchange for money. It can be said that a market is the process by which the prices of goods and services are established.
     
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