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- nounmarket (noun) · markets (plural noun)
- a regular gathering of people for the purchase and sale of provisions, livestock, and other commodities:"farmers going to market"
- an area or arena in which commercial dealings are conducted:"the labor market" · "the sale of cruisers in the American market continues to plummet"
- a demand for a particular commodity or service:"there is a market for ornamental daggers"
- the state of trade at a particular time or in a particular context:"the bottom's fallen out of the market"
- the free market; the operation of supply and demand:"future development cannot simply be left to the market" · "a market economy"
- a stock market:"the sale of the company's shares on world markets"
OriginMiddle English, via Anglo-Norman French from Latin mercatus, from mercari ‘buy’ (see also merchant). - A market is a place where buyers and sellers meet to exchange goods and services12. It can be a physical location, like a retail outlet, where people meet face-to-face, or a virtual location, like an online market, where there is no physical presence or contact between buyers and sellers1. The parties involved are usually buyers and sellers1. A market can be defined as a place where buyers and sellers meet to exchange goods, services and other relevant information2.
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.aspA market can be defined as a place where buyers and sellers meet to exchange goods, services and other relevant information is called a market. Both these parties can meet in a city, state, province, country and region. The market may be a physical or virtual.www.marketingtutor.net/what-is-a-market/ - People also ask
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 … See more
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 … See more
Markets vary widely for several reasons, including the kinds of products sold, location, duration, and size. The constituency of the … See more
Markets are an important part of the economy. They allow a space where governments, businesses, and individuals can buy and sell their goods and services. But that's not all. … See more
Other than underground markets, most markets are subject to rules and regulations set by governing body that determines the … See more
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- Occupation: Editor
- Published: Feb 13, 2013
- Works For: Entreprenuer
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In economics, a market is a coordinating mechanism that uses prices to convey information among economic entities (such as firms, households and individuals) to regulate production and distribution. In his seminal 1937 article "The Nature of the Firm", Ronald Coase wrote: "An economist thinks of the economic system as being coordinated by the price mechanism....in economic theory we find that the allocation of factors of production between different uses is det…
Wikipedia · Text under CC-BY-SA license- Estimated Reading Time: 9 mins
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