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- In economics, "the market" refers to a place or mechanism where buyers and sellers come together to exchange goods and services123. It can be physical (like a retail store) or virtual (like an online platform). Markets determine prices based on supply and demand.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 where buyers and sellers can meet to facilitate the exchange or transaction of goods and services. Markets can be physical, like a retail outlet, or virtual, like an e-retailer. Examples include illegal markets, auction markets, and financial markets. Markets establish the prices of goods and services, determined by supply and demand.www.investopedia.com/terms/m/market.asp: the area of economic activity in which buyers and sellers come together and the forces of supply and demand affect prices producing goods for market rather than for consumptionwww.merriam-webster.com/dictionary/marketIn mainstream economics, the concept of a market is any structure that allows buyers and sellers to exchange any type of goods, services and information. The exchange of goods or services, with or without money, is a transaction.en.wikipedia.org/wiki/Market_(economics)
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