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  2. 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.
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    What does market mean?Britannica.com: Encyclopedia article about market Love words? Need even more definitions? Subscribe to America's largest dictionary and get thousands more definitions and advanced search—ad free! The meaning of MARKET is a meeting together of people for the purpose of trade by private purchase and sale and usually not by auction.
    What is a market and how does it work?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.
    What is market in economics?Market, in economics, may thus be defined as any process of exchange between buyers and sellers. Thus, a market is an arrangement or an institution that enables buyers and sellers to get information and to do business or arrange exchange of goods with each other.
    Is a market a place?Markets in the most literal and immediate sense are places in which things are bought and sold. In the modern industrial system, however, the market is not a place; it has expanded to include the whole geographical area in which sellers compete with each other for customers.
     
  4. Market: What It Means in Economics, Types, and Common Features

     
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    WEBIn ordinary sense, market means a place where goods are bought and sold. But, to an economist, the term ‘market’ does not refer to a place. In economics, market refers to a group of buyers and sellers dealing in a …

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