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- A market is a place where parties gather to facilitate the exchange of goods and services12. Here are some key characteristics of markets:
- Involves buyers and sellers: Parties involved are usually buyers and sellers.
- Can be physical or virtual: Physical markets are retail outlets where people meet face-to-face, while virtual markets operate online.
- Exchange of goods and services: Markets facilitate the exchange of goods and services, often involving money12.
Learn more:✕This summary was generated using AI based on multiple online sources. To view the original source information, use the "Learn more" links.A market is a place where parties can gather to facilitate the exchange of goods and services. The parties involved are usually buyers and sellers. The market may be physical, like a retail outlet, where people meet face-to-face, or virtual, like an online market, where there is no physical presence or contact between buyers and sellers.www.investopedia.com/terms/m/market.aspIn economics, a market is a composition of systems, institutions, procedures, social relations or infrastructures whereby parties engage in exchange. 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.en.wikipedia.org/wiki/Market_(economics) - People also ask
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