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- Key characteristics that define a market include123:
- Availability of an arena
- Presence of buyers and sellers
- A commodity that can be purchased and sold
Learn more:✕This summary was generated using AI based on multiple online sources. To view the original source information, use the "Learn more" links.Some key characteristics help define a market, including the availability of an arena, buyers and sellers, and a commodity that can be purchased and sold.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.en.wikipedia.org/wiki/Market_(economics)market, a means by which the exchange of goods and services takes place as a result of buyers and sellers being in contact with one another, either directly or through mediating agents or institutions. Markets in the most literal and immediate sense are places in which things are bought and sold.www.britannica.com/money/market - People also ask
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