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  2. A market is a place where buyers and sellers meet to exchange goods and services. There are different types of markets, including12:
    • Physical markets: These are retail outlets where transactions occur face-to-face.
    • Virtual markets: These operate online, such as e-retailers.
    • Illegal markets: These involve goods or services that are prohibited by law.
    • Auction markets: Where goods are sold to the highest bidder.
    • Financial markets: Where financial instruments like stocks and bonds are traded.
    Learn more:
    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

    Market (economics)

    • Definition 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. ...
    en.wikipedia.org/wiki/Market_(economics)
     
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    WEBNov 28, 2019 · Different types of market structure 1. Perfect competition (many firms) 2. Monopoly (one firm), Oligopoly (a few firms) + monopolistic competition, contestable markets and collusion.

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