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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). - People also ask
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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…
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