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- In economics, a market refers to12345:
- Any place where two or more parties can meet to engage in an economic transaction.
- A space that facilitates transactions between buyers and sellers.
- A mechanism that uses demand and supply to determine prices.
- An arrangement where goods or services are exchanged for money.
- The nervous system of modern economic life where producers and consumers carry out sale and purchase transactions.
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 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.www.investopedia.com/terms/m/market.aspEconomists understand by the term Market, not any particular market place in which things are bought and sold, but the whole of any region in which buyers and sellers are in such free intercourse with one another that the prices of the same goods tend to equality easily and quickly.www.britannica.com/money/marketA market refers to a space that facilitates an economic transaction between parties: the buyers and the sellers. A market facilitates a price-setting mechanism, which means that it uses demand and supply to arrive at the actual prices of a given good or service.corporatefinanceinstitute.com/resources/economic…A market is an arrangement between buyers and sellers to exchange goods or services for money. Markets are the fundamental means by which scarce resources are allocated a price, and are essential to the operation of the price mechanism.www.economicsonline.co.uk/definitions/market.html/A Market is a place where the exchange of goods takes place. The market is the nervous system of modern economic life where producers and consumers carry out the sale and purchase transactions. The market has a different and wider meaning in economics, as it does not refer to a specific place.www.geeksforgeeks.org/market-characteristics-cla… - People also ask
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