What do we mean by "the market"? - Search
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  2. 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.
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    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 consumption
    www.merriam-webster.com/dictionary/market
    In 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)
     
  3. People also ask
    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 a market in economics?In economics, a **market** is a place where parties come together to **facilitate the exchange of goods and services**. These parties typically include **buyers and sellers**.In economics, a **market** is a place where parties come together to **facilitate the exchange of goods and services**. These parties typically include **buyers and sellers**.
    Includes AI generated content
    What is a market & why is it important?A market is a place where people and businesses buy and sell goods and services. It may refer to specifically-built places where goods are sold.
    What do economists understand by the term market?Economists understand by the term Market, not any particular market place in which things are bought and sold, but the whole of any region in which buyers and sellers are in such free intercourse with one another that the prices of the same goods tend to equality easily and quickly. To this Marshall added:
     
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